ACE is around 0.19u now. The other day I even touched 0.25 and got shot back down. In the past 24 hours, it’s already dropped by nearly 14%.
I’m not chasing this level—let me explain why first.
This current move is built by the futures market. The daily open interest jumped by more than 70%. The faster it rises, the more leverage gets stacked. The problem is that once price turns, in the last few hours the open interest has shrunk again by 7%. The pattern of taking profit and deleveraging after the spike is really strong.
On the spot side, it’s even more direct: in three hours there was a net outflow of nearly fifty million. Out of 12 volume candles, there isn’t a single one with a net inflow—money is genuinely withdrawing.
There’s also a contradiction on the chart that has to be said plainly: the futures technical indicators are still in a bullish configuration (moving averages, MACD—everything shows strength). But that’s a lagging signal that followed the previous surge.
In the real order book, the sell pressure from active spot orders is stronger. Price has already been pushed below the MA50, and on the four-hour timeframe the direction is still trending down.
The bullish side’s remaining “ace card” is high funding rates with large accounts still adding positions—meaning the shorts have been squeezed once already, and some people are betting on a rebound. But for a small coin with a market cap of only over 20 million, the ATR has already been pushed to extremes. In this kind of market, it can only be big-range consolidation. Chasing in now is basically like licking the blade.
So my stance is: don’t chase—wait. Wait for the pullback, for spot net flows to turn positive again, and for capital to re-enter before talking. At this level, it’s more comfortable to look than to act.
#ace $ACE
I’m not chasing this level—let me explain why first.
This current move is built by the futures market. The daily open interest jumped by more than 70%. The faster it rises, the more leverage gets stacked. The problem is that once price turns, in the last few hours the open interest has shrunk again by 7%. The pattern of taking profit and deleveraging after the spike is really strong.
On the spot side, it’s even more direct: in three hours there was a net outflow of nearly fifty million. Out of 12 volume candles, there isn’t a single one with a net inflow—money is genuinely withdrawing.
There’s also a contradiction on the chart that has to be said plainly: the futures technical indicators are still in a bullish configuration (moving averages, MACD—everything shows strength). But that’s a lagging signal that followed the previous surge.
In the real order book, the sell pressure from active spot orders is stronger. Price has already been pushed below the MA50, and on the four-hour timeframe the direction is still trending down.
The bullish side’s remaining “ace card” is high funding rates with large accounts still adding positions—meaning the shorts have been squeezed once already, and some people are betting on a rebound. But for a small coin with a market cap of only over 20 million, the ATR has already been pushed to extremes. In this kind of market, it can only be big-range consolidation. Chasing in now is basically like licking the blade.
So my stance is: don’t chase—wait. Wait for the pullback, for spot net flows to turn positive again, and for capital to re-enter before talking. At this level, it’s more comfortable to look than to act.
#ace $ACE