Underneath the surface turbulence, confirmation is all the more important. The daily chart structure for $ACE has made the direction very clear. Price continues to trade below EMA50 and EMA200, with the moving averages aligned bearishly. On the four-hour chart, rebound highs are stepping lower, showing that the bulls have not taken control at all. Price is now right at the upper edge of a previous high-volume trading zone. Volume has not increased, and the rebound is weak—more like a continuation of the downtrend than a reversal.
We’re looking for opportunities to follow the trend after the structure is confirmed, not trying to guess the bottom. The closer the rebound gets to resistance, the more cautious we should be. The risk-reward ratio for a short position is clearer.
🔴 Trade direction: Short
📍 Entry range: 0.108559 – 0.108871
🛑 Stop-loss: 0.112047
🎯 Take profit 1: 0.106215
🎯 Take profit 2: 0.104549
🎯 Take profit 3: 0.102050
Take in the vastness of mountains and seas; observe the market’s finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ACE
Click below to trade 👇
We’re looking for opportunities to follow the trend after the structure is confirmed, not trying to guess the bottom. The closer the rebound gets to resistance, the more cautious we should be. The risk-reward ratio for a short position is clearer.
🔴 Trade direction: Short
📍 Entry range: 0.108559 – 0.108871
🛑 Stop-loss: 0.112047
🎯 Take profit 1: 0.106215
🎯 Take profit 2: 0.104549
🎯 Take profit 3: 0.102050
Take in the vastness of mountains and seas; observe the market’s finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#ACE
Click below to trade 👇