$ACE 🚀 #ACE/USDT Perpetual Alert: Massive +45% Breakout & Negative Funding Rate! 🚨
The daily chart for ACE/USDT Perp is looking absolutely wild right now, printing a massive green god candle with an explosive +45.45% pump, currently trading at 0.09168!
Here is a breakdown of the key metrics and setup:
Strong Support Baseline: The token established a solid bottom down at 0.06140 before buyers heavily stepped in to reverse the trend.
High Volatility Peak: Price aggressively spiked up to test local resistance at 0.10586 earlier in the session, showcasing intense buying pressure.
Short Squeeze Fuel: The funding rate is deeply negative at -0.29%. This means short sellers are heavily paying long traders to hold open their positions, creating a prime setup for an aggressive short squeeze if buyers maintain momentum.
Trading View: If ACE consolidates above the current levels, the negative funding rate could continue forcing shorts to cover, driving the price right back to test the recent 0.10586 high. Keep an eye on risk management as volatility is extreme!
Are you longing the pump or looking to short the top? Drop your targets in the comments below! 👇
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