ACE just dumped -16.15% and the chart looks like someone pulled the rug. But here's what caught my eye: the shorts are getting aggressive, and when everyone piles in one direction, reversals love to happen.
Currently at $0.1822 with 4H RSI at 45.6 — right in neutral territory despite the crash. Daily RSI at 50.9 tells me this isn't capitulation yet. The daily MACD is still positive (+0.0139) even though 4H has flipped bearish.
📊 What I'm Watching:
• Strong downtrend on 4H, but daily structure is mixed
• SMA7 daily ($0.1874) vs SMA25 daily ($0.1876) — basically flat, suggesting the daily trend was sideways before this drop
• Volume is low at 0.33x average — this isn't panic selling, it's controlled distribution
• Long/short ratio at 0.96 — shorts slightly favored, not extreme
🎯 Trade Plan (SHORT — momentum):
• Entry Zone: $0.1742 – $0.1902
• Stop Loss: $0.2140 (above recent highs — if price reclaims this, short thesis is dead)
• TP1: $0.1690 | TP2: $0.1638 | TP3: $0.1568
• Ride the downtrend but respect the wide stop
This is a high-volatility play. The 16% drop could attract dip buyers at any moment. Stay nimble.
Are you buying this dip or riding it lower? 📉
#ACE #DYOR #Crypto
⚠️ Not financial advice. Always do your own research and manage risk.
Currently at $0.1822 with 4H RSI at 45.6 — right in neutral territory despite the crash. Daily RSI at 50.9 tells me this isn't capitulation yet. The daily MACD is still positive (+0.0139) even though 4H has flipped bearish.
📊 What I'm Watching:
• Strong downtrend on 4H, but daily structure is mixed
• SMA7 daily ($0.1874) vs SMA25 daily ($0.1876) — basically flat, suggesting the daily trend was sideways before this drop
• Volume is low at 0.33x average — this isn't panic selling, it's controlled distribution
• Long/short ratio at 0.96 — shorts slightly favored, not extreme
🎯 Trade Plan (SHORT — momentum):
• Entry Zone: $0.1742 – $0.1902
• Stop Loss: $0.2140 (above recent highs — if price reclaims this, short thesis is dead)
• TP1: $0.1690 | TP2: $0.1638 | TP3: $0.1568
• Ride the downtrend but respect the wide stop
This is a high-volatility play. The 16% drop could attract dip buyers at any moment. Stay nimble.
Are you buying this dip or riding it lower? 📉
#ACE #DYOR #Crypto
⚠️ Not financial advice. Always do your own research and manage risk.