The ONDO strategy shared earlier has now successfully captured its profit potential in this move. Breakouts often lie hidden in opposing sentiment, and the current market structure for $ACE is showing just such a signal. Prices on both the four-hour and one-hour charts are below the moving average bands, and the bearish alignment remains intact. The rebound looks more like an opportunity to enter short.
The 15-minute volume shows that sellers are still in control. In this environment, I’d rather follow the trend and look for a pullback than try to call a bottom. As long as price doesn’t break above the key range, the structure remains in the bears’ favor. The main thing to watch is that price has moved far from the moving averages, so a sharp intraday bounce wouldn’t be surprising—but it wouldn’t change the overall downtrend.
🔴 Trade direction: Short
📍 Entry range: 0.129665 – 0.130059
🛑 Stop-loss: 0.135291
🎯 Take profit 1: 0.125790
🎯 Take profit 2: 0.123076
🎯 Take profit 3: 0.119005
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ACE
Click below to trade 👇
The 15-minute volume shows that sellers are still in control. In this environment, I’d rather follow the trend and look for a pullback than try to call a bottom. As long as price doesn’t break above the key range, the structure remains in the bears’ favor. The main thing to watch is that price has moved far from the moving averages, so a sharp intraday bounce wouldn’t be surprising—but it wouldn’t change the overall downtrend.
🔴 Trade direction: Short
📍 Entry range: 0.129665 – 0.130059
🛑 Stop-loss: 0.135291
🎯 Take profit 1: 0.125790
🎯 Take profit 2: 0.123076
🎯 Take profit 3: 0.119005
Take in the vastness of mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#ACE
Click below to trade 👇