Before the breakout, take a moment to stay calm and look at the charts. $ACE is showing a fairly patient setup right now. The daily trend is still bullish, with the price above both long-term moving averages, so the broader direction hasn't changed. Buyers have the upper hand on the 15-minute chart, and the ADX also suggests this move isn't a low-volume fakeout. The 4-hour RSI is above 55, indicating positive momentum.
What we want to do is wait for the price to pull back into that zone before entering, rather than rushing in at the sight of a red or green candle. Scale out in stages as the price rises, and just make sure it holds above that lower line. Keep your position size light, take what the market gives you, and don't get greedy.
🟢 Trade direction: Long
📍 Entry zone: 0.189341 – 0.190135
🛑 Stop loss: 0.179848
🎯 Take profit 1: 0.197155
🎯 Take profit 2: 0.202099
🎯 Take profit 3: 0.209517
Still waters run deep, and foresight reaches far; stay composed through the market's ups and downs.
Join Sister Fei and ride the waves of wealth.
#ACE
Tap below to trade 👇
What we want to do is wait for the price to pull back into that zone before entering, rather than rushing in at the sight of a red or green candle. Scale out in stages as the price rises, and just make sure it holds above that lower line. Keep your position size light, take what the market gives you, and don't get greedy.
🟢 Trade direction: Long
📍 Entry zone: 0.189341 – 0.190135
🛑 Stop loss: 0.179848
🎯 Take profit 1: 0.197155
🎯 Take profit 2: 0.202099
🎯 Take profit 3: 0.209517
Still waters run deep, and foresight reaches far; stay composed through the market's ups and downs.
Join Sister Fei and ride the waves of wealth.
#ACE
Tap below to trade 👇