A sense of unease is settling over $ACE as the low timeframe hints at a perfect storm brewing.
$ACE - SHORT🔴
Entry: 0.1228
SL: 0.1634
TP1: 0.1025
TP2: 0.08222
TP3: 0.06191
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart is witnessing a volatility compression, a precursor to a potential explosion. This compression is a warning sign that the market is due for a significant move.
However, I'm also keeping a watchful eye on the higher timeframe, where the 1D chart is showcasing a bullish bias, with the price hovering above its EMA50 - a fact that makes this short trade a potentially riskier proposition, yet one that demands a careful approach.
Do you think this short trade will be the catalyst that upends the current trend, or will $ACE ultimately follow the broader market sentiment?
Click here to Trade 👇
$ACE - SHORT🔴
Entry: 0.1228
SL: 0.1634
TP1: 0.1025
TP2: 0.08222
TP3: 0.06191
⚠️ Move SL to Breakeven once TP1 is hit !!!
The 1H chart is witnessing a volatility compression, a precursor to a potential explosion. This compression is a warning sign that the market is due for a significant move.
However, I'm also keeping a watchful eye on the higher timeframe, where the 1D chart is showcasing a bullish bias, with the price hovering above its EMA50 - a fact that makes this short trade a potentially riskier proposition, yet one that demands a careful approach.
Do you think this short trade will be the catalyst that upends the current trend, or will $ACE ultimately follow the broader market sentiment?
Click here to Trade 👇