In choppy markets, it’s easy to misread the direction. But the four-hour structure for $ACE makes the answer clear: price is below the EMA50, and the EMA50 is below the EMA200. The bearish moving-average alignment has remained intact, and the rebound has simply given bears room to act. This contrarian approach doesn’t chase the drop; it waits for a bounce back to the previous consolidation zone before considering an entry. Volume hasn’t picked up, suggesting buyers can’t absorb the selling pressure.
Until the structure recovers, I’m inclined to follow the trend rather than try to call a bottom.
🔴 Trade direction: Short
📍 Entry range: 0.128655 – 0.128886
🛑 Stop loss: 0.132997
🎯 Take profit 1: 0.125601
🎯 Take profit 2: 0.123487
🎯 Take profit 3: 0.120316
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ACE
Click below to trade 👇
Until the structure recovers, I’m inclined to follow the trend rather than try to call a bottom.
🔴 Trade direction: Short
📍 Entry range: 0.128655 – 0.128886
🛑 Stop loss: 0.132997
🎯 Take profit 1: 0.125601
🎯 Take profit 2: 0.123487
🎯 Take profit 3: 0.120316
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ACE
Click below to trade 👇