#ACE 🚨
$ACE Technical Setup: Short Opportunity Identified 📉
The
$ACE 15-minute chart shows clear signs of rejection after a massive vertical rally. Price printed a strong upper wick, indicating buyers are losing momentum while aggressive selling volume steps in at resistance.
We are looking for a classic pullback retest followed by a downward continuation towards the key liquidity pools below.
📊 Trade Setup & Parameters
Bias: Bearish 🟥
Order Type: Limit / Market Retest
Entry Zone: 0.2700 - 0.2794 (Looking for a minor relief bounce/retest)
Stop Loss (SL): 0.3229 (Above the recent local high / invalidation level)
Take Profit (TP): 0.1902 (Targeting lower support area)
Risk / Reward Ratio: ~1:1.77
💡 Key Technical Highlights
Rejection at Local Highs: The sharp impulse move up to $0.34+ was quickly met with aggressive profit-taking.
Volume Shift: Heavy red volume candles on lower timeframes show clear distribution taking place.
Liquidity Grab: The setup aims to capture the unwind as early buyers exit their long positions.
#ACE #TrenddingTopic #setup #SHORT📉