$ACM SPIKE STALLING – BREAKOUT SETUP OR RETRACEMENT LOADING?
$ACM/USDT is trading at $1.134, cooling off after a dramatic surge earlier today. The price is consolidating in a tight range, and traders are now watching for either continuation toward intraday highs or a potential correction back to key support levels.
Key Levels to Watch:
Resistance:
• $1.150 – First local ceiling to break
• If cleared, upside targets include:
TP1: $1.220
TP2: $1.300
Support:
• $1.120 – Immediate short-term support
• $1.070 – Critical breakdown level, with downside targets at:
TP1: $1.020
TP2: $0.980
Trade Setup – Caught Between Euphoria and Exhaustion
Bullish Entry:
• If price breaks and sustains above $1.150, watch for a move toward:
• TP1: $1.220
• TP2: $1.300
• Stop-Loss: Below $1.120 for tight risk control
Bearish Entry:
• A drop below $1.070 could open the door to deeper retracement:
• TP1: $1.020
• TP2: $0.980
• Stop-Loss: Above $1.150 to manage reversal risk
Let the price action confirm the direction before positioning.