ACE is poised for a breakout after retesting a crucial order block, setting the stage for a long trade. Current market structure suggests a high-probability move upwards.
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$ACE LONG 📈
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📍 Entry Range: $0.063486 – $0.063614
🛑 Stop Loss: $0.061643 (-3.0%)
🎯 TP1: $0.064503 (+1.5%)
🏆 TP2: $0.066727 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The CHoCH signal confirms a market structure break, while CVD and FVG indicate strong conviction from buyers, further validated by the OB and POI confluence in this zone. This setup looks particularly compelling given the overlap of these signals, pointing to a significant upside potential. The structure here is key, as it represents a clear area of interest for both bulls and bears.
A 3.0% stop loss seems relatively tight but manageable with appropriate leverage, suggesting a 2-3x leverage could be a good fit for this trade.
Taking partial profit at TP1 is advisable to lock in some gains, as this will not only reduce risk but also allow the remaining position to ride out any potential further upside.
Not financial advice — always manage your own risk 🙏
$ACE #ACE #AKE #TradingSignals #Write2Earn