$ACX /USDT Trading Signal – Consolidation with Rebound Potential!
Current Price: $0.6004
24h Change: -3.41%
Entry Zone:
$0.5950–$0.6050
Targets:
1. $0.6150 – Immediate resistance
2. $0.6300 – Breakout level
3. $0.6500 – Extended target
Stop Loss:
$0.5900
Market Observations:
$ACX /USDT is currently consolidating near $0.6000, testing support at $0.5955 after retracing from its 24h high of $0.6316. This level could act as a strong rebound zone if buyers step in. A breakout above $0.6150 may indicate a recovery, potentially targeting $0.6500 in the short term.
Monitor volume for confirmation of a trend reversal, as increased activity around current levels could drive momentum.
Trading Strategy:
Short-term traders: Watch for a breakout above $0.6150 and take incremental profits at each target.
Mid-term traders: Hold positions for $0.6500 while managing risk with a tight stop-loss strategy.
Key Support and Resistance Levels:
Support: $0.5950
Resistance: $0.6150