$ACU
While breakout chasers buy directly into overhead resistance, this 30-minute chart on ACU is executing an aggressive V-shaped recovery following a sweep of lower liquidity.
After carving out a local bottom at $0.09200 , price staged a powerful impulsive rally, breaking back above the psychological $0.10000 level and currently trading around $0.10269. The price action is compressing directly beneath the recent local high resistance at $0.10800 .
Holding above local support at $0.10000 keeps the bullish breakout momentum intact, targeting a push through $0.10400 toward the major swing high at $0.10800 . A drop back below $0.10000 invalidates the immediate breakout structure and opens downside risk toward support at $0.09800 .
Don't chase vertical green candles into overhead resistance
wait for clean retests of support to confirm secondary entry opportunities.
Ref : 4bxvs2
#ACU #Acurast #CryptoAnalysis #TechnicalAnalysis #Trading
While breakout chasers buy directly into overhead resistance, this 30-minute chart on ACU is executing an aggressive V-shaped recovery following a sweep of lower liquidity.
After carving out a local bottom at $0.09200 , price staged a powerful impulsive rally, breaking back above the psychological $0.10000 level and currently trading around $0.10269. The price action is compressing directly beneath the recent local high resistance at $0.10800 .
Holding above local support at $0.10000 keeps the bullish breakout momentum intact, targeting a push through $0.10400 toward the major swing high at $0.10800 . A drop back below $0.10000 invalidates the immediate breakout structure and opens downside risk toward support at $0.09800 .
Don't chase vertical green candles into overhead resistance
wait for clean retests of support to confirm secondary entry opportunities.
Ref : 4bxvs2
#ACU #Acurast #CryptoAnalysis #TechnicalAnalysis #Trading