Bro, I wouldnโt short $ACE just because itโs already up 25%.
$ACE is currently around $0.2317, and this kind of momentum can easily attract late shorts looking for a quick reversal.
Iโd rather watch how price behaves around the $0.24โ$0.25 zone. If buyers can push through that area and hold above it, another leg higher could become possible.
But if $ACE sweeps the recent high and suddenly loses momentum, thatโs where Iโd start watching for a potential pullback and liquidity reversal.
The biggest mistake here would be chasing the pump emotionally โ either long or short.
Strong momentum can continue much longer than expected, but once buyers stop defending the breakout, the reversal can be equally aggressive.
Iโm watching the reaction at $0.24โ$0.25, not blindly chasing the candle.
What would you do here โ hold for the breakout or wait for a pullback?