The easy-money setup and divergence are in sync, and the chart structure for $ACE is signaling a move. On the daily chart, price is below EMA50 and EMA200. The moving averages remain bearishly aligned, with the broader trend still under sellers’ control. On the four-hour chart, rebound volume continues to contract, while a dense cluster of moving averages overhead is acting as resistance. In this structure, the rebound looks more like an opportunity for bears to get positioned.
The hourly RSI has entered oversold territory, so a short-term bounce is possible. I’m not chasing the short; I’ll wait for a rebound to the resistance zone before considering an entry. As long as the key level holds, there’s still room to move lower.
🔴 Trade direction: Short
📍 Entry range: 0.107231 – 0.107691
🛑 Stop loss: 0.112978
🎯 Take profit 1: 0.103323
🎯 Take profit 2: 0.100565
🎯 Take profit 3: 0.096427
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the ups and downs of the world.
#ACE
Tap below to trade 👇
The hourly RSI has entered oversold territory, so a short-term bounce is possible. I’m not chasing the short; I’ll wait for a rebound to the resistance zone before considering an entry. As long as the key level holds, there’s still room to move lower.
🔴 Trade direction: Short
📍 Entry range: 0.107231 – 0.107691
🛑 Stop loss: 0.112978
🎯 Take profit 1: 0.103323
🎯 Take profit 2: 0.100565
🎯 Take profit 3: 0.096427
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong to witness the ups and downs of the world.
#ACE
Tap below to trade 👇