🔻 $ACX/USDT Short Trade Idea! 🔻
Current Price: $0.3251 📉 (+1.28%)
Market Insight:
$ACX experienced a sharp move up to $0.3331 but faced immediate rejection, signaling strong resistance. The price is already retracing, hinting at a potential short setup if key support levels fail.
Key Levels to Monitor:
Major Resistance: $0.3331 (24H High)
Immediate Resistance: $0.3280
Immediate Support: $0.3220
Major Support: $0.3150 (Potential bearish target)
Short Entry Plan:
Entry Zone: $0.3250 - $0.3280 (Look for rejection signals)
Stop Loss: $0.3345 (Above the recent resistance spike)
Profit Targets:
TP1: $0.3220
TP2: $0.3180
TP3: $0.3150
Why This Setup?
The rejection at $0.3331 suggests significant selling pressure.
A bearish engulfing candle following the pump supports the case for a pullback.
Losing the $0.3220 level could open the door for a move toward $0.3150.
Risk Management Tip:
Set a tight stop-loss at $0.3345 to maintain a favorable risk-to-reward ratio. If the breakdown plays out, this trade has strong profit potential.
Stay cautious and trade responsibly!
