$ACA
/USDT – Rejection After 24H High, Momentum Fading Fast
ACA/USDT spiked +10.11% to hit $0.0350 but has now pulled back sharply to $0.0305. The 1H chart shows a strong bullish candle followed by heavy selling and long upper wicks, indicating a failed breakout.
Current Price: $0.0305
24H High / Low: $0.0350 / $0.0274
24H Volume: 301.54M (ACA), 9.56M (USDT)
Short Trade Plan:
Entry Zone: $0.0308 – $0.0316
Final Target: $0.0282
Stop Loss: $0.0325
Why This Setup Makes Sense:
After a breakout attempt, the price failed to sustain above $0.0330. Quick rejection and decreasing volume suggest short-term bearish pressure.
Risk Tip:
Use a tight SL. Look for confirmation with a bearish engulfing candle before full entry.
Short $ACA as upside momentum breaks down!