ACE is poised for a significant move upward, with a confluence of key levels suggesting a strong long opportunity. The current market structure is particularly compelling, with a clear break of the previous high.
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$ACE LONG 📈 — Trade Plan
• Entry: $0.117962 – $0.118198
• Stop: $0.114538 (-3.0%)
• Target 1: $0.119851 (+1.5%)
• Target 2: $0.123984 (+5.0%)
• R/R 1:1.7 | Confidence 64%
This ACE long setup is driven by a combination of CHoCH, CVD, FVG, OB, and POI confluence, indicating a robust market structure break. The overlap of order blocks and fair value gaps in this zone adds significant weight to the potential for an upside move. Given these factors, the probability of a successful trade increases substantially.
With a 3.0% stop loss, which feels slightly wide but necessary given the volatility, a leverage of 2-3 times should be manageable for this trade, allowing for a balance between risk and potential reward.
Considering the strength of the setup, taking partial profits at the first target point could be a prudent strategy, allowing traders to lock in some gains while letting the rest of the position ride out the potential for further upside.
Not financial advice — trade only what you can afford to lose 🙏
$ACE #ACEUSDT #SMC #TradingSignals #Write2Earn