technical analysis and trade signal for the $ACX /USDT

1. Current Price: 0.6232 USDT

Trend: ACX/USDT is currently in a slight uptrend, with a +0.55% change in the last 24 hours.

Support Level: 0.6085 (24h Low)

Resistance Level: 0.6554 (24h High)

The price is approaching the upper resistance zone of 0.6554, which could act as a key barrier.

2. RSI (Relative Strength Index):

The RSI is indicating that ACX is nearing overbought conditions, which suggests caution before a potential retracement.

3. MACD (Moving Average Convergence Divergence):

The MACD is showing a bullish crossover, which supports the positive price momentum.

4. Volume:

The 24h volume is strong, with 20.05M ACX traded, confirming healthy trading activity and liquidity.

Trade Signal:

Trade Type: Long Entry (Buy)

Entry Price: 0.6232 (current market price)

Stop Loss: 0.6085 (below recent support level)

Take Profit Targets:

First Target (T1): 0.6350

Second Target (T2): 0.6450

Third Target (T3): 0.6550 (approaching 24h High)

Trade Momentum:

Bullish Momentum: Currently supported by the upward trend and healthy volume, with the MACD indicating positive momentum.

Risk Level: Moderate – while the price is in an uptrend, it is nearing overbought levels. Caution is advised around the resistance levels.

If the price breaks through 0.6554, we could see further bullish movement, while a rejection could lead to a retracement back to 0.6085.

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