ACX is setting up for a potential short, with a sweet spot to get in right now. Price is hovering near a key area that could trigger a move downwards.
🔴 $ACX SHORT 📉
Entry $0.039500-$0.039580 | SL $0.040726 (-3.0%) | TP1 $0.038947 (+1.5%) | TP2 $0.037563 (+5.0%) | R/R 1:1.7 | Conf 64%
We've got a market structure break, along with volume confirming direction, a fair value gap, and an order block all lining up - it's a pretty compelling setup. The fact that we've also got a liquidity sweep and a point of interest confluence with the order block and fair value gap overlapping is just icing on the cake. This thing's got all the makings of a solid short trade.
With a 3.0% stop loss, this is a relatively tight setup, so I'd say we're looking at 2-3x leverage to make it work.
If we do get a move downwards, consider taking some profit off the table at the first target to lock in some gains and ride the rest out.
Not financial advice — always manage your own risk 🙏
$ACX #ACXUSDT #SMC #TradingSignals #Write2Earn
🔴 $ACX SHORT 📉
Entry $0.039500-$0.039580 | SL $0.040726 (-3.0%) | TP1 $0.038947 (+1.5%) | TP2 $0.037563 (+5.0%) | R/R 1:1.7 | Conf 64%
We've got a market structure break, along with volume confirming direction, a fair value gap, and an order block all lining up - it's a pretty compelling setup. The fact that we've also got a liquidity sweep and a point of interest confluence with the order block and fair value gap overlapping is just icing on the cake. This thing's got all the makings of a solid short trade.
With a 3.0% stop loss, this is a relatively tight setup, so I'd say we're looking at 2-3x leverage to make it work.
If we do get a move downwards, consider taking some profit off the table at the first target to lock in some gains and ride the rest out.
Not financial advice — always manage your own risk 🙏
$ACX #ACXUSDT #SMC #TradingSignals #Write2Earn