I’ve learned that after a sharp pump, the real opportunity often comes from watching how price reacts at the first major support. $ACE caught my attention because after running from around $0.106 to a high of $0.3784, price made a deep pullback and is now bouncing strongly from the $0.20–$0.212 support area. Volume remains elevated, and the latest 1H candle is pushing back above the short-term moving average around $0.234. For me, this is a bullish recovery setup, so I’m opening a big long here.
MY TRADE PLAN
Coin: $ACE /USDT
Bias: Bullish Recovery / Long
Entry Zone: $0.225 – $0.2325
Stop Loss: $0.1700 — below the major pullback support
Target 1: $0.2500
Target 2: $0.2650
Target 3: $0.2800
Risk-Reward: Final target is roughly 0.8:1 from the current price, so I’m treating position size as the main risk control
Invalidation: A decisive break below $0.1700 invalidates my bullish setup
The key thing I’m watching is the $0.212 support zone. ACE rejected the lows and has started printing a strong recovery candle, while the previous sell-off already flushed a large portion of the excess momentum. If buyers continue defending this area, I’m looking for a move back toward $0.25 → $0.265 → $0.28.
I’m taking the long because I see the current bounce as a recovery attempt after a heavy correction, not because I want to chase the previous $0.3784 high. My trading plan is simple: long from the current zone, respect $0.17, and target $0.28.
No setup is guaranteed. I’ll manage my position size carefully and respect my stop loss if the structure breaks.
Would you take this $ACE long from here, or do you think the sellers have another move left?
$ACE
MY TRADE PLAN
Coin: $ACE /USDT
Bias: Bullish Recovery / Long
Entry Zone: $0.225 – $0.2325
Stop Loss: $0.1700 — below the major pullback support
Target 1: $0.2500
Target 2: $0.2650
Target 3: $0.2800
Risk-Reward: Final target is roughly 0.8:1 from the current price, so I’m treating position size as the main risk control
Invalidation: A decisive break below $0.1700 invalidates my bullish setup
The key thing I’m watching is the $0.212 support zone. ACE rejected the lows and has started printing a strong recovery candle, while the previous sell-off already flushed a large portion of the excess momentum. If buyers continue defending this area, I’m looking for a move back toward $0.25 → $0.265 → $0.28.
I’m taking the long because I see the current bounce as a recovery attempt after a heavy correction, not because I want to chase the previous $0.3784 high. My trading plan is simple: long from the current zone, respect $0.17, and target $0.28.
No setup is guaranteed. I’ll manage my position size carefully and respect my stop loss if the structure breaks.
Would you take this $ACE long from here, or do you think the sellers have another move left?
$ACE