$ACX /USDT Trading Analysis

Current Price: $0.5999

Market Sentiment: Consolidating after a strong recovery from recent lows, indicating potential for both upward continuation or a reversal.

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Long Trade Plan

Entry Zone:

Enter between $0.5950 and $0.6050, targeting a continuation of the uptrend.

Targets:

1. Target 1: $0.6200

2. Target 2: $0.6350

3. Target 3: $0.6450

Stop Loss:

Place Stop Loss at $0.5850 to protect against downside risk.

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Short Trade Plan

Entry Zone:

Enter between $0.6100 and $0.6200, anticipating rejection at resistance.

Targets:

1. Target 1: $0.5900

2. Target 2: $0.5800

3. Target 3: $0.5700

Stop Loss:

Place Stop Loss at $0.6300 to manage risk against upward breakouts.

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Observations

Key Resistance Levels: $0.6200 and $0.6350

Key Support Levels: $0.5900 and $0.5800

Watch for a breakout above $0.6200 to signal strong bullish momentum, or a breakdown below $0.5900 for bearish continuation.

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Visual Chart Summary

A visual representation with detailed annotations for entry zones, targets, and stop-loss levels will be generated to complement this analysis.

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