ACX Downtrend Pressure Increasing
The structure will remain bearish until buyers reclaim the last resistance zone. Right now, the upticks look more like shorting opportunities rather than trend reversals.
Sell and trade $ACX
ACX continues to print lower highs and weaker recovery attempts, indicating that sellers are in control of the trend. The recent rejection from the recovery zone suggests that another bearish move may develop.
A clean break below the support level could open the door for a larger decline as the bearish momentum continues to rise.
Trade Setup:
Entry: $0.0401 - $0.0404
Target 1: $0.0395
Target 2: $0.0390
Target 3: $0.0382
Stop Loss: Above $0.0417
#ACXUSDT #ACX #USIranTensionsTriggerCryptoLiquidations USDT
Perpetual#SpaceXRetailInvestorsInstitutionalPrice #SpaceXInitiatesIPORoadshowWith555MShares
The structure will remain bearish until buyers reclaim the last resistance zone. Right now, the upticks look more like shorting opportunities rather than trend reversals.
Sell and trade $ACX
ACX continues to print lower highs and weaker recovery attempts, indicating that sellers are in control of the trend. The recent rejection from the recovery zone suggests that another bearish move may develop.
A clean break below the support level could open the door for a larger decline as the bearish momentum continues to rise.
Trade Setup:
Entry: $0.0401 - $0.0404
Target 1: $0.0395
Target 2: $0.0390
Target 3: $0.0382
Stop Loss: Above $0.0417
#ACXUSDT #ACX #USIranTensionsTriggerCryptoLiquidations USDT
Perpetual#SpaceXRetailInvestorsInstitutionalPrice #SpaceXInitiatesIPORoadshowWith555MShares