Wait… wait… wait… PAY ATTENTION HERE ON
ACE is up +23.9%, running straight into the 7-day high of 0.289.
Volume is $30M, but the RSI just hit 70. This is where rallies tend to pause or fail.
The desk's view: this is a fade until proven otherwise. The move is extended, running on a market "Greed" index of 71, and hitting a clear resistance level. A clean break and hold above 0.289 would change the picture, but for now this looks like a spot for sellers.
Are you fading this with us, or buying the breakout?
$ACE
ACE is up +23.9%, running straight into the 7-day high of 0.289.
Volume is $30M, but the RSI just hit 70. This is where rallies tend to pause or fail.
The desk's view: this is a fade until proven otherwise. The move is extended, running on a market "Greed" index of 71, and hitting a clear resistance level. A clean break and hold above 0.289 would change the picture, but for now this looks like a spot for sellers.
Are you fading this with us, or buying the breakout?
$ACE