$ACE just got crushed and the bounce back into $0.18 could give me the short I want
$ACE dropped from $0.20 to $0.1628 with huge sell volume and the 1H structure is still heavily bearish
I will open a short position if ACE bounces into $0.1775 to $0.1815 and sellers reject it
Entry around $0.1775 to $0.1815
TP1 $0.1633
TP2 $0.1570
Stop Loss $0.1885
If ACE reclaims $0.1885 I’m out
The next ACE token unlock is scheduled for October 9 with the release going to Early Investors so supply pressure is another risk around this setup
I don’t wanna short the $0.1628 low
I want the bounce then the rejection
#ACE #TradingwithCoinQuest
$ACE dropped from $0.20 to $0.1628 with huge sell volume and the 1H structure is still heavily bearish
I will open a short position if ACE bounces into $0.1775 to $0.1815 and sellers reject it
Entry around $0.1775 to $0.1815
TP1 $0.1633
TP2 $0.1570
Stop Loss $0.1885
If ACE reclaims $0.1885 I’m out
The next ACE token unlock is scheduled for October 9 with the release going to Early Investors so supply pressure is another risk around this setup
I don’t wanna short the $0.1628 low
I want the bounce then the rejection
#ACE #TradingwithCoinQuest