📉 $ACE #/USDT Update: Bearish Momentum Ahead?
A strong short-term downtrend and bearish momentum are visible on the #ACE /USDT chart! ⚠️
🔍 Technical Analysis:
Rejection at Highs: Price hit a high of 0.1126, faced strong resistance, and experienced a sharp rejection downwards.
Moving Average Crossover: On the 15-minute timeframe, short-term moving averages (MA7 & MA25) have crossed below, signaling further price drops or market correction.
Current Support Zone: The price is currently testing key support near 0.0952 (MA99). A breakdown below this level could trigger deeper sell-offs.
🎯 Trading Setup / Short Strategy:
Entry Range: Current Price (0.0953) or Re-test around 0.0980 - 0.1000
Target 1: 0.0900
Target 2: 0.0840
Target 3: 0.0780 (24h Low Zone)
Stop Loss (SL): 0.1050 (Always manage your risk and stick to strict Stop Loss)#Binance #BTC #cryptouniverseofficial #Square
A strong short-term downtrend and bearish momentum are visible on the #ACE /USDT chart! ⚠️
🔍 Technical Analysis:
Rejection at Highs: Price hit a high of 0.1126, faced strong resistance, and experienced a sharp rejection downwards.
Moving Average Crossover: On the 15-minute timeframe, short-term moving averages (MA7 & MA25) have crossed below, signaling further price drops or market correction.
Current Support Zone: The price is currently testing key support near 0.0952 (MA99). A breakdown below this level could trigger deeper sell-offs.
🎯 Trading Setup / Short Strategy:
Entry Range: Current Price (0.0953) or Re-test around 0.0980 - 0.1000
Target 1: 0.0900
Target 2: 0.0840
Target 3: 0.0780 (24h Low Zone)
Stop Loss (SL): 0.1050 (Always manage your risk and stick to strict Stop Loss)#Binance #BTC #cryptouniverseofficial #Square