technical analysis and trade signal for $ACX /USDT based on the provided data

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Current Price: $0.8328 (+8.18%)

24h High: $0.8508

24h Low: $0.7383

SAR Support: 0.7977

Trade Signal: Buy ACX/USDT

Trade Setup:

Trend: Bullish momentum is showing strong upward movement, with a current price of $0.8328 (+8.18%) and a notable rise from the 24h low of $0.7383.

Support: $0.7977 (SAR support level)

Resistance: $0.8508 (24h high)

Trade Momentum:

Bullish: The recent price increase shows strong buying interest, and the SAR indicator suggests support at $0.7977.

Volume: Trading volume is healthy with 60.91M ACX traded in the past 24 hours, indicating a solid market interest.

Targets:

Target 1: $0.8500 – First target near the 24h high. Expect minor resistance here.

Target 2: $0.8750 – A psychological resistance zone. If the price breaks $0.8500, this could be the next key level.

Target 3: $0.9000 – A higher resistance, looking for further bullish continuation.

Stop-Loss:

Stop-Loss Level: $0.7977 (SAR level), as a breakout below this would invalidate the bullish outlook.

Conclusion:

ACX/USDT is currently in a bullish trend, with strong upward momentum. If the price breaks past $0.8508, it could move towards the next resistance at $0.8750 and $0.9000. Ensure to monitor the market closely and set a stop-loss around $0.7977 for risk management.

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