Technical Analysis of $ACA
/USDT:
Current Price: $0.1102
24h Change: +21.77%
Trend:
The price is currently in an uptrend, having broken above previous resistance levels, and it shows strong bullish momentum. However, the recent surge could indicate potential for short-term consolidation or pullback, so caution is advised for new entries.
Support Levels:
1st Support: $0.1048
2nd Support: $0.0955
Resistance Levels:
1st Resistance: $0.1127 (potential profit-taking point)
2nd Resistance: $0.1140 (psychological level)
Trade Signal & Targets:
Long Entry: Buy at $0.1105 (Above current price with confirmation of strength)
Target 1: $0.1135 (short-term resistance level)
Target 2: $0.1155 (extended resistance level)
Target 3: $0.1200 (higher resistance, longer-term target)
Momentum:
The momentum is strong and suggests continuation toward the higher targets, with a potential slight retracement before heading toward $0.1135. Keep a close watch on volume and price action for further confirmation.
Risk Management:
Set a stop loss near the $0.1040 region for safety, with adjustments if the price rises significantly.
Disclaimer: This analysis is based on market trends and historical price action; actual market conditions may vary. Always do thorough research and consider risk before trading.