I have been watching $ACX since last week and now price is sitting right at our zone for the short. Here is the trade.
Entry: 0.04127-0.04152
TP1: 0.04057
TP2: 0.04015
TP3: 0.03974
SL: 0.04279
Price pushed up into this zone and sellers keep stepping in every time it gets there. Rejections stacking up like that don't happen by accident.
Risk on this one is tight against the SL at 0.04279, and the reward stretches nicely down to TP3. Clean structure for a short if you ask me.
You taking this short or waiting for a retest first? Drop your take.
watch this space.
$ACX $BTC
Entry: 0.04127-0.04152
TP1: 0.04057
TP2: 0.04015
TP3: 0.03974
SL: 0.04279
Price pushed up into this zone and sellers keep stepping in every time it gets there. Rejections stacking up like that don't happen by accident.
Risk on this one is tight against the SL at 0.04279, and the reward stretches nicely down to TP3. Clean structure for a short if you ask me.
You taking this short or waiting for a retest first? Drop your take.
watch this space.
$ACX $BTC