$ACX SHORT bias đ», but I would not chase this candle.
Entry zone: 0.0376â0.0382 on a weak bounce/rejection \ SL: 0.0391
TP1: 0.0365
TP2: 0.0342
TP3: 0.0325
The setup is bearish because price 0.03733 is below the 1H Supertrend 0.03984, and the rebound after the violent drop has already been sold. A 1H recovery above roughly 0.0398â0.0400 invalidates the short idea.
This one is unusually volatileâthe wick ran from 0.04295 to 0.03239âso waiting for a bounce gives a much better risk/reward than shorting at market.
#ACX
Entry zone: 0.0376â0.0382 on a weak bounce/rejection \ SL: 0.0391
TP1: 0.0365
TP2: 0.0342
TP3: 0.0325
The setup is bearish because price 0.03733 is below the 1H Supertrend 0.03984, and the rebound after the violent drop has already been sold. A 1H recovery above roughly 0.0398â0.0400 invalidates the short idea.
This one is unusually volatileâthe wick ran from 0.04295 to 0.03239âso waiting for a bounce gives a much better risk/reward than shorting at market.
#ACX