$ACM just ran 12% in a day and volume spiked 6.7x over the monthly average.
That's not organic accumulation. That's FOMO chasing.
I've seen this exact setup on fan tokens before , explosive burst, everyone piles in late, then it bleeds for weeks. RSI at 61 means there's still room but we're not early anymore. ๐ฏ
The 4h chart looks clean until you zoom out. We're 17% off the 30-day high and the MAs are still chopping sideways. No clear trend confirmation yet.
Here's the truth: if you're buying NOW, you're betting on continuation without confirmation. Could absolutely rip higher if momentum holds. Could also trap you at resistance.
I'm watching. Not entering. โ ๏ธ
If it reclaims the 30d high with volume I'll reconsider. Until then this looks like late-stage pump energy and I've been burned by that too many times.
#ACM #Altcoin #Trading