As the opposing signals gradually build up, the chart for $ACE has already been quietly giving us the answer. Look at the daily chart: the price has stayed below the medium-term moving average, and the broader trend remains weak. The highs on the four-hour and one-hour charts are also moving lower, with each rebound losing more steam. There’s no need to guess the bottom—we’re better off following the structure.
Until the resistance zone above is cleared, rebounds look more like opportunities for bears to enter. If several key levels below give way, things could move faster. Of course, we also need to watch out for rebound risk, so I’d rather wait for confirmation before acting instead of jumping the gun.
🔴 Trade direction: Short
📍 Entry range: 0.113066 – 0.113412
🛑 Stop loss: 0.116802
🎯 Take profit 1: 0.110567
🎯 Take profit 2: 0.108784
🎯 Take profit 3: 0.106112
There’s no need to chase the winds of change; they’ll settle in on their own.
Stand alongside Sister Li, and let every moment leave an echo.
#ACE
Tap below to trade 👇
Until the resistance zone above is cleared, rebounds look more like opportunities for bears to enter. If several key levels below give way, things could move faster. Of course, we also need to watch out for rebound risk, so I’d rather wait for confirmation before acting instead of jumping the gun.
🔴 Trade direction: Short
📍 Entry range: 0.113066 – 0.113412
🛑 Stop loss: 0.116802
🎯 Take profit 1: 0.110567
🎯 Take profit 2: 0.108784
🎯 Take profit 3: 0.106112
There’s no need to chase the winds of change; they’ll settle in on their own.
Stand alongside Sister Li, and let every moment leave an echo.
#ACE
Tap below to trade 👇