This isn’t a giveaway—it's the undercurrent speaking. $ACE The 4-hour and hourly charts are both below the moving averages. The trend structure leaves no room for the bulls, and this rebound looks more like a correction than a reversal. Looking at volume, trading activity hasn’t picked up alongside the upward move, which suggests limited appetite for chasing prices.
Once the upper end of the key range is reached, selling pressure is likely to take over again, especially since it has been tracking Bitcoin closely as Bitcoin weakens. The daily chart looks range-bound, but the shorter time frames are aligned to the downside. At this point, I’d rather wait for the rebound to run out of steam than chase the drop. Let me ask you this: after repeatedly grinding below the moving averages, what makes you think it can break through in one go?
🔴 Trade direction: Short
📍 Entry range: 0.128714 – 0.129008
🛑 Stop loss: 0.132030
🎯 Take profit 1: 0.126485
🎯 Take profit 2: 0.124900
🎯 Take profit 3: 0.122524
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 👇
Once the upper end of the key range is reached, selling pressure is likely to take over again, especially since it has been tracking Bitcoin closely as Bitcoin weakens. The daily chart looks range-bound, but the shorter time frames are aligned to the downside. At this point, I’d rather wait for the rebound to run out of steam than chase the drop. Let me ask you this: after repeatedly grinding below the moving averages, what makes you think it can break through in one go?
🔴 Trade direction: Short
📍 Entry range: 0.128714 – 0.129008
🛑 Stop loss: 0.132030
🎯 Take profit 1: 0.126485
🎯 Take profit 2: 0.124900
🎯 Take profit 3: 0.122524
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 👇