$ACE Unlocking today has potential downside pressure—yet it starts pulling out the previous high, hehe!!

In plain terms, it’s still the funding/fee structure causing trouble. The ACE sell pressure at midnight is probably already digested. The new round of the main upswing will slowly open up; short-term pullbacks and corrections are just to set up a better push.

Weren’t those last two 15-minute candles scary? Hahaha. It’s definitely a bear trap. The project team also doesn’t have enough short positions or “short chips” available. Without a sufficient counterparty order flow to dump into for profit, they can only “needle” it to let keyboard warriors who chase shorts despair.

Actually, for this kind of altcoin moving with the trend, it’s the best scenario. Yesterday, Sister Min also said the same thing: given the high fees, the chance of a big downside waterfall isn’t that high. Either it grinds downward to wear people out, or it consolidates and accumulates until ready—then pulls back up. No matter what, the project team can still eat.

So my personal trading suggestion: if you didn’t follow the right idea in the last wave, then this time you can wait for a pullback to around the lower 0.17 area before going long. The target is still 0.21. If it shows strength and pulls hard, looking at 0.25 shouldn’t be a problem either.