$ACE is down 3.87% today and I'm still leaning long, because the last 5 days of volume ran 2.05x the 20 days before that.
A dip on rising volume isn't the same as a dip on dying volume. It's also up 9.13% over 30 days, which is 3.8 points ahead of $BTC over the same stretch. Weak coins don't usually lead on a red day like this.
the screener scores it 8 out of 14. that's a decent setup and not a great one, and I'm not dressing it up. daily RSI is 53, so there's no overheated reading to fight. the MACD histogram is still negative, and that's the part I'm choosing to look past.
$ACE trades at $0.187 right now. if it holds the 20-day mean at $0.18397, I think it pushes back to yesterday's high at $0.2. if it loses $0.18397, I'm wrong on this and there's nothing to defend. anyone long from here eats roughly 1.6% before the idea is dead, which is a cheap price to find out.
holding $0.18397 or losing it?
follow me for more calls like this.
A dip on rising volume isn't the same as a dip on dying volume. It's also up 9.13% over 30 days, which is 3.8 points ahead of $BTC over the same stretch. Weak coins don't usually lead on a red day like this.
the screener scores it 8 out of 14. that's a decent setup and not a great one, and I'm not dressing it up. daily RSI is 53, so there's no overheated reading to fight. the MACD histogram is still negative, and that's the part I'm choosing to look past.
$ACE trades at $0.187 right now. if it holds the 20-day mean at $0.18397, I think it pushes back to yesterday's high at $0.2. if it loses $0.18397, I'm wrong on this and there's nothing to defend. anyone long from here eats roughly 1.6% before the idea is dead, which is a cheap price to find out.
holding $0.18397 or losing it?
follow me for more calls like this.