$ACE | ACE has just gone through a sharp impulsive recovery, but the move is now approaching a major resistance area around $0.1642, where the previous spike was rejected. The repeated long wicks around the upper zone suggest sellers are still active, so I would rather wait for price to revisit that resistance than short the current move at $0.139. If ACE pushes into the $0.155–$0.163 area and fails to hold above it, the setup could offer a much cleaner short with room for a deeper retracement.
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
LIMIT ORDER SHORT
Entry: $0.155–$0.163
Take Profit:
TP1: $0.145
TP2: $0.132
TP3: $0.118
TP4: $0.100
Stop Loss: $0.171
Trade From Here (DYOR) 👇
Wait for the limit order to fill. Don't chase the move. Secure partial profits at each TP and shift your stop loss to breakeven after TP1. Continue trailing the stop loss after each target to protect profits. DYOR! this is only my market view, not financial advice.
LIMIT ORDER SHORT
Entry: $0.155–$0.163
Take Profit:
TP1: $0.145
TP2: $0.132
TP3: $0.118
TP4: $0.100
Stop Loss: $0.171
Trade From Here (DYOR) 👇