🚨 $ACX ALERT: DOWNTREND IN PLAY – KEY LEVELS TO WATCH! 🚨
$ACX is trading at 0.9317, down by 9.55% in the last 24 hours. The price is under bearish pressure, testing critical support levels, which could either hold for a recovery or break further downward.
💡 Key Levels to Watch:
Resistance 1: 0.9500 – A bounce above this level is needed to signal a recovery attempt.
Target 1: 0.9700 – The first resistance level to test in a bullish rebound.
Target 2: 1.0000 – Regaining this psychological level could trigger renewed buying interest.
Target 3: 1.0500 – Sustained momentum might push ACX toward this critical zone for bullish continuation.
📉 Support Levels to Monitor:
Immediate Support: 0.9200 – This level needs to hold to avoid further downside.
Critical Support: 0.8900 – A break below this level could signal deeper corrections and a bearish continuation.
⚠️ Trading Strategy: Monitor closely for a reversal above 0.9500 with increased volume for potential long entries. Place stop-loss orders below 0.9200 to manage risk. If the downtrend persists, be cautious of further downside volatility.