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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