Last week a bounce that looked like the start of a recovery ran straight into a familiar ceiling and gave most of the move back.
That's the setup a lot of people get caught in with $ACU . The relief off the lows feels like a signal, and by the time price is pressing resistance you're already in, with no clear plan if sellers show up again.
$ACU is sitting around $0.10105 after bouncing from the $0.0970 area. The move has some traction, but the path higher runs into $0.1045,$0.1055, a zone where sellers have stepped in before. A push into that band can stall and send price back toward $0.0970,$0.0980 just as quickly as it climbed. The bearish case only softens if $ACU breaks and holds above $0.1055. Until that happens, treating the bounce as confirmation is the risk worth watching.
What's your read if price tags that zone and stalls?
#ACU #Crypto #PriceAction
That's the setup a lot of people get caught in with $ACU . The relief off the lows feels like a signal, and by the time price is pressing resistance you're already in, with no clear plan if sellers show up again.
$ACU is sitting around $0.10105 after bouncing from the $0.0970 area. The move has some traction, but the path higher runs into $0.1045,$0.1055, a zone where sellers have stepped in before. A push into that band can stall and send price back toward $0.0970,$0.0980 just as quickly as it climbed. The bearish case only softens if $ACU breaks and holds above $0.1055. Until that happens, treating the bounce as confirmation is the risk worth watching.
What's your read if price tags that zone and stalls?
#ACU #Crypto #PriceAction