$ACA /USDT – Bullish Momentum Setup After Breakout

Current Market Overview:

($ACA ) has recently experienced a significant breakout from the $0.027 support zone, surging to a 24-hour high of $0.0365. This sharp upward movement indicates strong buying momentum and increased trading volume. Such parabolic rallies are often followed by short-term pullbacks before the next leg up, presenting a potential buying opportunity.

Trade Plan (Bullish Bias – Momentum Play):

Ideal Entry: Consider entering a long position between $0.028 and $0.030, anticipating a minor pullback toward the breakout zone.

Stop Loss: Place the stop loss just below the recent breakout zone, around $0.027, to protect against a deeper correction.

Target 1: Aim for the recent high retest at $0.0365.

Target 2: Set the second target at $0.040, aligning with the next resistance zone.

Risk-Reward:

Target 1: Approximately 2.5x reward compared to the risk.

Target 2: Approximately 4x reward if the price continues its upward trajectory.

Price Action / Pattern Logic:

The strong breakout with high volume signals bullish continuation potential.

If the price consolidates above $0.030, it may form a "bullish flag" pattern, indicating a potential for the next leg up.

Watch for smaller candles and reduced selling volume after the spike, as this suggests that buyers are still in control.

Probability of Profit:

Medium-High (~70%): If Bitcoin remains stable or bullish, ACA is likely to continue its upward momentum.

Main Risk:

An overextended spike could lead to a deeper retracement before any further rally.