$ACX
/USDT - Technical Analysis & Trade Signal馃敟馃挴
Current Price: $0.6388
Trend: Bullish (+8.07% in 24 hours)
Support Level: $0.5661 (24h Low)
Resistance Level: $0.6809 (24h High)
Momentum: Positive (strong upward move, especially past 24 hours)
Technical Analysis
RSI (Relative Strength Index): Indicates overbought conditions above 70 (potential short-term correction possible).
MACD (Moving Average Convergence Divergence): Bullish crossover, indicating a continuation of the upward trend.
Volume: Increased, signaling strong buying interest.
Trade Signal & Targets:
Buy Entry: $0.6400
First Target (T1): $0.6750 (previous resistance level)
Second Target (T2): $0.7000 (next resistance zone)
Third Target (T3): $0.7300 (extension beyond the high)
Trade Momentum:
With continued buying pressure, the upward momentum is expected to continue towards $0.6750 (T1) and $0.7000 (T2). However, traders should watch for any divergence in momentum or RSI, which could signal an early correction.
Stop Loss:
Stop Loss: $0.5900 (below recent support level)
This analysis assumes continued bullish sentiment, but always manage risk and monitor the market for signs of reversal.