$ACA
Trend Setup:
ACA has posted a strong bullish breakout from the 0.0274 support zone, with a massive green impulse candle driving price to a 24h high of 0.0379. This surge reflects heavy buying volume and strong momentum, though such sharp moves are often followed by a brief pullback before the next leg higher.
Trade Plan (Bullish Bias – Momentum Play):
Ideal Entry: 0.0350–0.0355 (buy on pullback toward minor support after breakout)
Stop Loss: 0.0335 (below recent breakout zone to guard against a deeper correction)
Targets:
Target 1: 0.0375 – retest of recent high
Target 2: 0.0395 – next resistance zone
Risk-Reward: Around 1:2 if entering near 0.0350 and aiming for 0.0395
Price Action / Pattern Logic:
Strong breakout backed by high volume signals potential for bullish continuation
Likely forming a “flag” or continuation pattern if price consolidates above 0.0345 before the next push
Watch for smaller candles and lighter selling volume after the spike — a sign that buyers remain in control
Probability of Profit:
Medium-High (~65%) if BTC holds steady or trends bullish.
Main Risk: Overextended spike could trigger a deeper retracement before any further rally.