$ACX
/USDT Technical Analysis and Trade Strategy🚀🎯
Current Price: $1.1059
24h Range: $0.9050 - $1.1288
Trend: Bullish (+20.60% in 24h)
Indicators Analysis
1. Moving Averages (MA/EMA)
15m & 1h Charts: The price is trading above the short-term moving averages, suggesting strong bullish momentum.
4h Chart: If the price stays above the 50 EMA, further upward movement is likely.
2. Bollinger Bands:
The price is near or breaking the upper band, suggesting overbought conditions, but bullish trends can continue pushing the upper limit.
3. MACD:
Positive crossover indicates upward momentum. Check for divergence on lower time frames for potential pullbacks.
4. Parabolic SAR:
The SAR dots are below the price, confirming an uptrend. A shift above the price may indicate a reversal or consolidation.
Trade Strategy
Entry Zone:
Buy on Pullback: $1.03 - $1.05
Stop-Loss: $0.95 (below recent support and 24h low)
🎯 Target Levels
1. First Target (T1): $1.15
Near 24h high; take partial profit to secure gains.
2. Second Target (T2): $1.22
Potential breakout level if momentum continues; key resistance area.
3. Third Target (T3): $1.35
Strong psychological level and next resistance based on potential bullish extension.
Risk Management:
Risk-to-Reward Ratio: 1:2 or better
Move stop-loss to entry after hitting T1 for capital protection.
