$ACE Trade Idea (4H Chart):
▶️ Entry Zone: 3.400 - 3.500
🛑 Stop Loss: 3.200 (below EMA(25))
🎯 Take Profit 1: 3.800
🎯 Take Profit 2: 4.000
Analysis:
🔹 Strong bullish momentum: Price well above all EMAs (7, 25, 99)
🔹 Recent sharp price increase from 2.892 to 3.533 (24h high)
🔹 RSI(14) at 76.256, indicating overbought conditions
🔹 MACD positive and above signal line, showing strong bullish momentum
🔹 24h gain of 21.79%, suggesting significant buying pressure
Rationale: Looking to enter on a potential pullback after a strong bullish move. Multiple targets to secure profits while allowing for potential upside continuation.
⚠️ Caution:
- RSI in overbought territory, suggesting a potential short-term pullback
- Recent sharp price increase may lead to increased volatility
- Use proper position sizing and consider scaling in/out of positions
Disclaimer: This is not financial advice. Always do your own research and invest responsibly.
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