$ACM Bullish Rebound in Play! 🚀
$ACM is trading at 1.180 (+10.90%) after a sharp recovery from the 1.150 support zone, following a retracement from the 1.297 high. The price action shows buyers stepping back in with renewed momentum, signaling the potential for a push towards recent highs. Sustaining above 1.150 will be crucial for continued bullish pressure.
Support and Resistance
• Resistance: 1.200 – 1.250 – 1.297
• Support: 1.150 – 1.120 – 1.080
Trade Setup
• Entry Zone: 1.150 – 1.160
• Stop Loss: 1.120
🎯 TP1: 1.200
🎯 TP2: 1.250
🎯 TP3: 1.297
Market Insights
The strong bounce from intraday lows suggests buyers are regaining control after profit-taking earlier in the session. A breakout above 1.200 could trigger further momentum, attracting more long positions toward higher resistance zones.