ACXBreakout
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Mastering the Market: ACX/USDT Price Analysis and Trade Strategy
The ACX/USDT chart shows a clear breakdown in price after testing resistance at $0.8305 and forming a local support at $0.7685. Currently, the price is consolidating near $0.7711, with short-term indicators hinting at possible reversal or further breakdown.
Key Levels to Watch:
Resistance: $0.8092 and $0.8305
Support: $0.7685 (current) and $0.7603 (next)
Trade Strategy:
1. Short-Term Strategy:
Entry Point: Consider a buy near $0.7711 with a stop loss at $0.7603.
Target: Look for profit booking near $0.7848 (minor resistance).
2. Long-Term Strategy:
If the price reclaims $0.7848, a bullish breakout toward $0.8092 is likely.
Entry above $0.7850 with a stop loss at $0.7685, targeting $0.8305 for the long term.$
Indicators to Note:
ACXMA(7) and MA(25): The short-term moving averages are crossing downward, signaling a bearish trend. Watch for reversal if the MA(7) (yellow) moves above MA(25) (pink).
MA(99): Long-term support at $0.7789; a break below it may trigger further declines.ACX
Summary:
Current price action offers a high-risk, high-reward short-term buy opportunity with well-defined stop-loss levels. Traders should$
#ACXUSDT #ACXanalysis #ACXBreakout #BTCNewATH #ETHHits4KAgain
The ACX/USDT chart shows a clear breakdown in price after testing resistance at $0.8305 and forming a local support at $0.7685. Currently, the price is consolidating near $0.7711, with short-term indicators hinting at possible reversal or further breakdown.
Key Levels to Watch:
Resistance: $0.8092 and $0.8305
Support: $0.7685 (current) and $0.7603 (next)
Trade Strategy:
1. Short-Term Strategy:
Entry Point: Consider a buy near $0.7711 with a stop loss at $0.7603.
Target: Look for profit booking near $0.7848 (minor resistance).
2. Long-Term Strategy:
If the price reclaims $0.7848, a bullish breakout toward $0.8092 is likely.
Entry above $0.7850 with a stop loss at $0.7685, targeting $0.8305 for the long term.$
Indicators to Note:
ACXMA(7) and MA(25): The short-term moving averages are crossing downward, signaling a bearish trend. Watch for reversal if the MA(7) (yellow) moves above MA(25) (pink).
MA(99): Long-term support at $0.7789; a break below it may trigger further declines.ACX
Summary:
Current price action offers a high-risk, high-reward short-term buy opportunity with well-defined stop-loss levels. Traders should$
#ACXUSDT #ACXanalysis #ACXBreakout #BTCNewATH #ETHHits4KAgain