A lot of people are talking about $ACE recently, and I have been investing in it for a while, but the experience of holding the position is not good.
It has been consolidating for more than ten days since the bottom. Some people say this is triangle convergence, but the K-line inside the form is too jagged and disordered to form an effective basis for long positions. And now there is a faint trend of falling below, and the previous consolidation is more like shipping.
If the daily line fails to break through the high point around the 16th, it may reach a new low. After all, you can never imagine how much goods Gouzhuang has to sell.
In addition, the trend of ace’s companion $NFP $AI can also be used as a reference. The rule of thumb is that most of the coins on the Binance launchpad will have the same trend at the same time.
