๐ด Setting up a short on $ACX
ACX is still under increasing sell pressure, continuing to print lower highs with weak rebound attempts, reflecting a clear dominance of sellers over price action. The recent rejection from the recovery zone reinforces the likelihood of a continued downtrend in the coming period.
If we see a clear break of the current support level, we could witness a new wave of downward movement with increasing negative momentum and persistent sell pressure.
๐ Trade Details:
Entry Zone: $0.0401 โ $0.0400
First Target: $0.0395
Second Target: $0.0390
Third Target: $0.0382
Stop Loss: Above $0.0417
๐ Technical Outlook: The price structure remains bearish as long as buyers fail to reclaim the recent resistance area. Until we see clear reversal signals, the current highs are more likely to be opportunities for re-shorting rather than the start of a new bullish trend.
#ACX #IranStrikesKuwaitAirport #ACX
ACX is still under increasing sell pressure, continuing to print lower highs with weak rebound attempts, reflecting a clear dominance of sellers over price action. The recent rejection from the recovery zone reinforces the likelihood of a continued downtrend in the coming period.
If we see a clear break of the current support level, we could witness a new wave of downward movement with increasing negative momentum and persistent sell pressure.
๐ Trade Details:
Entry Zone: $0.0401 โ $0.0400
First Target: $0.0395
Second Target: $0.0390
Third Target: $0.0382
Stop Loss: Above $0.0417
๐ Technical Outlook: The price structure remains bearish as long as buyers fail to reclaim the recent resistance area. Until we see clear reversal signals, the current highs are more likely to be opportunities for re-shorting rather than the start of a new bullish trend.
#ACX #IranStrikesKuwaitAirport #ACX