🚀 $ACX
BEARISH TECHNICAL BREAKDOWN 🔻
📉 Current Price: $0.1513 (-2.89%)
🔍 The chart shows clear rejection near resistance at $0.1566, pushing $ACX lower into a bearish channel. Momentum is fading, with bears taking control after a failed attempt to break higher.
📊 Key Levels:
🔺 Resistance: $0.1566 – Recent swing high
🔻 Support: $0.1453 – Critical zone to watch
📍 Current: $0.1513 – Trading below short-term EMA
📌 Trade Setup – SHORT Entry:
🔹 Entry: $0.1510 – Confirmation below current level
🎯 TP1: $0.1480
🎯 TP2: $0.1455
🛑 SL: $0.1568 – Just above resistance
📈 Trend bias remains bearish unless bulls reclaim $0.1566 with volume.
⚠️ Risk Management Tip:
Never risk more than 2% of your capital per trade. Use stop-loss diligently and adjust position size accordingly. 🛡️