$ACE just ran 56% range in a single day — from 0.1488 to 0.2334. After a move like that, the question you're probably asking is simple: is it too late, or is this just the opening act?
Price is holding above the 4-hour demand zone around 0.212–0.222. That's the line in the sand. As long as that area holds, the path of least resistance still points toward the 0.243 zone — the next liquidity pocket above. Lose it on a 4-hour close, and this read is off the table.
Funding is negative — shorts are paying longs — while open interest sits at 85 million. That combo often signals a crowd leaning too hard one way. When shorts pile in and price refuses to break down, squeezes happen. Not a promise. A setup.
The 4-hour EMA trend is still bullish, and RSI at 61 leaves room before things overheat. But the weekly chart is still bearish. The macro hasn't flipped, so any rally is a trade, not a marriage. 0.243 is the first test. Beyond that, 0.255 becomes the real battleground.
My read: $ACE is still respecting its breakout structure, but the easy money was made in the first two green candles. The next leg depends entirely on whether 0.212–0.222 holds as support. That's the level I'm watching — not the top.
Tap $ACE to pull up the chart and see how price reacts to that 0.243 area.
Which zone are you watching more closely — 0.212 or 0.243? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#ACE #Fusionist #Crypto #BinanceSquare
Price is holding above the 4-hour demand zone around 0.212–0.222. That's the line in the sand. As long as that area holds, the path of least resistance still points toward the 0.243 zone — the next liquidity pocket above. Lose it on a 4-hour close, and this read is off the table.
Funding is negative — shorts are paying longs — while open interest sits at 85 million. That combo often signals a crowd leaning too hard one way. When shorts pile in and price refuses to break down, squeezes happen. Not a promise. A setup.
The 4-hour EMA trend is still bullish, and RSI at 61 leaves room before things overheat. But the weekly chart is still bearish. The macro hasn't flipped, so any rally is a trade, not a marriage. 0.243 is the first test. Beyond that, 0.255 becomes the real battleground.
My read: $ACE is still respecting its breakout structure, but the easy money was made in the first two green candles. The next leg depends entirely on whether 0.212–0.222 holds as support. That's the level I'm watching — not the top.
Tap $ACE to pull up the chart and see how price reacts to that 0.243 area.
Which zone are you watching more closely — 0.212 or 0.243? 👇
Follow for the next read on this chart.
⚠️ Not financial advice. DYOR.
#ACE #Fusionist #Crypto #BinanceSquare