ACE is in an area that needs monitoring: the 4h trend is leaning toward SHORT, while the 15m RSI is at 50.8 and may cause short-term volatility.
$ACE – SHORT
Trading plan:
Entry: $0.2022 – $0.2058
SL: $0.2218
TP1: $0.1719
TP2: $0.1564
TP3: $0.1386
Why this setup?
• The 4h trend is SHORT, with EMA20 at $0.1894 and EMA50 at $0.2010, confirming bearish momentum.
• RSI 15m is 50.8; RSI 4h is 65.9—wait for a price reaction around the entry zone.
• 1h ATR is $0.0119; TP1 is set according to a risk/reward ratio of 1.8.
Debate:
Is the short-term momentum strong enough to confirm the move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
$ACE – SHORT
Trading plan:
Entry: $0.2022 – $0.2058
SL: $0.2218
TP1: $0.1719
TP2: $0.1564
TP3: $0.1386
Why this setup?
• The 4h trend is SHORT, with EMA20 at $0.1894 and EMA50 at $0.2010, confirming bearish momentum.
• RSI 15m is 50.8; RSI 4h is 65.9—wait for a price reaction around the entry zone.
• 1h ATR is $0.0119; TP1 is set according to a risk/reward ratio of 1.8.
Debate:
Is the short-term momentum strong enough to confirm the move toward TP1, or will price sweep the SL zone before continuing?
Click here to trade 👇
