$ACX /USDT Technical Analysis
Current Price: $0.6314 (+7.45%)
Trend: Bullish momentum in the short-term (24 hours), with recent gains of 7.45% from previous low levels.
Support Levels:
First support: $0.5760 (24h low)
Second support: $0.5856 (near recent lows)
Resistance Levels:
First resistance: $0.6545 (24h high)
Second resistance: $0.6578 (current ask price)
Trade Signal
Entry: Buy at current price ($0.6314) or on a slight pullback near $0.6200 for better risk management.
Momentum: Positive momentum with the recent 7.45% increase, indicating continued upward movement, although short-term volatility should be monitored.
Target Levels 🎯
1. Target 1: $0.6545 (previous 24h high)
2. Target 2: $0.6700 (psychological resistance level)
3. Target 3: $0.6850 (higher resistance zone based on the chart analysis)
Trade Momentum
Short-term: Bullish trend with a strong upward momentum. Watch for any signs of consolidation or retracement near key support.
Medium-term: If the price holds above $0.6300, the momentum suggests a possible continuation towards $0.6700.
Risk: Keep a stop-loss around $0.5850 to manage downside risk, especially in case of market corrections.
This setup is based on the current market conditions, and the levels might need adjustment as new price actions unfold.
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