GlowBeat
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Bearish
$ACH /USDT is experiencing strong bearish momentum, currently trading at $0.02622, down significantly from its 24-hour high of $0.03052.
The asset previously reached a peak of $0.05859, but since then, heavy selling pressure has dominated, pushing the price lower.
Volume is at $70.3M, indicating strong market participation, yet the liquidity flow suggests more sell-side dominance. The order book shows higher sell-side interest, further reinforcing bearish sentiment.
Support is found at $0.02597, with a breakdown possibly leading to $0.02000. On the upside, resistance at $0.03052 and $0.04000 will be key hurdles for any recovery.
Given the overwhelming sell pressure, a short position is recommended.
$ACH
Entry: $0.02650 - $0.02800
Take Profit: $0.02500, $0.02300, $0.02000
Stop Loss: $0.03050
The market structure remains bearish, with strong resistance at $0.03052, which bulls have failed to reclaim. Volume trends indicate increased selling activity, and the money flow data shows net outflows, signaling a lack of sustained buying interest. If $0.02597 is broken, ACH/USDT could experience another leg down, making $0.02000 a realistic target. However, traders should remain vigilant, as short squeezes can occur in volatile conditions. By maintaining disciplined risk management with a well-placed stop loss, traders can capitalize on the bearish trend while safeguarding their capital. Trust the analysis, execute with confidence, and remain prepared for potential volatility.
$ACH
#ACH #Write2Earn
Disclaimer: This analysis is based on established methodologies to provide well-informed signals for potential capital growth. However, trading inherently involves risk, and market conditions can fluctuate unpredictably, which is an integral aspect of the trading landscape.
The asset previously reached a peak of $0.05859, but since then, heavy selling pressure has dominated, pushing the price lower.
Volume is at $70.3M, indicating strong market participation, yet the liquidity flow suggests more sell-side dominance. The order book shows higher sell-side interest, further reinforcing bearish sentiment.
Support is found at $0.02597, with a breakdown possibly leading to $0.02000. On the upside, resistance at $0.03052 and $0.04000 will be key hurdles for any recovery.
Given the overwhelming sell pressure, a short position is recommended.
$ACH
Entry: $0.02650 - $0.02800
Take Profit: $0.02500, $0.02300, $0.02000
Stop Loss: $0.03050
The market structure remains bearish, with strong resistance at $0.03052, which bulls have failed to reclaim. Volume trends indicate increased selling activity, and the money flow data shows net outflows, signaling a lack of sustained buying interest. If $0.02597 is broken, ACH/USDT could experience another leg down, making $0.02000 a realistic target. However, traders should remain vigilant, as short squeezes can occur in volatile conditions. By maintaining disciplined risk management with a well-placed stop loss, traders can capitalize on the bearish trend while safeguarding their capital. Trust the analysis, execute with confidence, and remain prepared for potential volatility.
$ACH
#ACH #Write2Earn
Disclaimer: This analysis is based on established methodologies to provide well-informed signals for potential capital growth. However, trading inherently involves risk, and market conditions can fluctuate unpredictably, which is an integral aspect of the trading landscape.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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