Market Analysis for $ACM /USDT!🔥💯
Current Overview: ACM/USDT is trading at $1.559, showing consolidation near the upper boundary of the descending price channel. The market attempted a breakout but faced resistance around $1.580. Sellers seem active in this zone.
Key Levels:
• Long Entry: Break and close above $1.580 with strong volume. Target levels are $1.600 (short-term) and $1.640 (medium-term).
• Short Entry: If price gets rejected below $1.580 and breaks $1.540 support, targets are $1.520 and $1.500.
Next Move Prediction:
• If buyers sustain pressure above $1.580, a trend reversal is likely, breaking the descending channel.
• A failure to hold above $1.550 could resume bearish momentum towards lower support levels.
Strategy: Traders should closely monitor price action around $1.580. Consider securing partial profits or setting tight stop-losses near key levels to protect gains. Momentum indicators suggest a potential shift but require confirmation.
