$ACA /USDT SHOWING EARLY SIGNS OF BULLISH REVERSAL — IS THIS THE START OF A STRONG BOUNCE?
Technical Analysis:
$ACA /USDT is currently trading at $0.0279, with a +5.28% gain in the last 24 hours and a notable trading volume of 155.07M ACA. After reaching a high of $0.0290 and bouncing from the $0.0263 low, ACA is attempting to reverse from a prolonged downtrend.
Key Levels:
Immediate Resistance: $0.0290
Major Resistance: $0.0315
Current Price: $0.0279
Immediate Support: $0.0270
Major Support: $0.0263
The price is hovering just below resistance at $0.0290, and a successful breakout above this level could shift short-term momentum in favor of the bulls.
Trade Setup (Long):
Entry Zone: $0.0275 – $0.0280
Take Profit Targets:
TP1: $0.0292
TP2: $0.0305
TP3: $0.0318
Stop Loss: $0.0260
Market Outlook:
Despite ACA’s poor performance over longer timeframes, the recent bounce and increased volume suggest a possible short-term bullish reversal. If price holds above $0.0270, it may test the $0.0315 area. However, the trend remains weak on higher timeframes, so caution is advised beyond intraday trades.
Risk Management:
Only risk 1-2% of your capital per trade. Move stop-loss to entry after hitting TP1. Be cautious in volatile setups and avoid emotional decisions—especially in recovering downtrends like ACA.
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