High risk-reward opportunities often lie in trend alignment. From the daily chart down to the hourly chart, $ACE price is pinned below the moving averages; the bearish alignment has been in place for more than a day or two. Volume contracts on rebounds and expands on declines. In this kind of setup, I prefer to look for short entries around resistance rather than try to pick a bottom.
The cluster of moving averages overhead acts as resistance. As long as price fails to hold above it on a rebound, the downside potential is greater than the upside. The risk-reward case is clear: trend, volume, and price position are all aligned. If the trade goes wrong, the stop-loss is clear; if it goes right, the potential opens up.
🔴 Trade direction: Short
📍 Entry range: 0.106452 – 0.106856
🛑 Stop-loss: 0.112151
🎯 Take profit 1: 0.102530
🎯 Take profit 2: 0.099782
🎯 Take profit 3: 0.095657
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ACE
Click below to trade 👇
The cluster of moving averages overhead acts as resistance. As long as price fails to hold above it on a rebound, the downside potential is greater than the upside. The risk-reward case is clear: trend, volume, and price position are all aligned. If the trade goes wrong, the stop-loss is clear; if it goes right, the potential opens up.
🔴 Trade direction: Short
📍 Entry range: 0.106452 – 0.106856
🛑 Stop-loss: 0.112151
🎯 Take profit 1: 0.102530
🎯 Take profit 2: 0.099782
🎯 Take profit 3: 0.095657
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#ACE
Click below to trade 👇