ACM/USDT Technical Analysis 📊: Buying, Selling, and Stop Loss Targets 🎯
(Fan Token)
Current Price: 1.909 USDT
Support Level: 1.759 USDT
Resistance Level: 1.912 USDT
Trading Data:
24h High: 1.909 USDT
24h Low: 1.759 USDT
24h Volume (ACM): 618,900.30 ACM
24h Volume (USDT): 1.13M USDT
Technical Analysis:
Price Trend: ACM has gained 8.28% in the past 24 hours, indicating strong bullish momentum.
RSI (Relative Strength Index): RSI suggests overbought conditions, signaling caution for potential pullbacks.
Moving Averages: The price is trading above key moving averages, confirming an upward trend.
Support and Resistance Zones:
Support: 1.759 USDT
Resistance: 1.912 USDT
Step-by-Step Trading Strategy:
Buy Signal:
Breakout Buy: Enter a long position if the price breaks above 1.912 USDT with strong volume.
Buy on Dip: Consider buying near 1.759 USDT if the price retraces and shows recovery signs.
Sell Signal:
Sell Near Resistance: Take profits around 1.912 USDT, where the price may face selling pressure.
Trend Reversal: If the price drops below 1.759 USDT, consider selling to minimize losses.
Stop Loss:
Protective Stop: Place a stop-loss just below 1.759 USDT to manage risks.
Target Price:
Short Term: Aim for 1.912–1.950 USDT for quick gains.
Medium Term: If the breakout sustains, target 2.00–2.05 USDT.
Important Notes:
Monitor trading volume closely to validate breakout signals.
Be cautious of possible pullbacks due to overbought conditions.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.