$ACX /USDT Trading Signal - Testing Critical Support

Current Price: $0.4966

24H Range: $0.4924 - $0.5977

Analysis:

ACX is down 16.47% over the last 24 hours, trading near its 24H low of $0.4924. The price remains under strong bearish pressure, with EMA(7) at $0.5059 and EMA(25) at $0.5377 acting as immediate resistance. A potential bounce could occur if $0.4920 holds as support.

Potential Setup:

Entry Zone: $0.4920 - $0.5000

Targets:

Target 1: $0.5200

Target 2: $0.5400

Target 3: $0.5700

Stop Loss: $0.4800

Observation:

A rebound from $0.4920 could provide a short-term recovery opportunity, while failure to hold this level might extend the decline toward $0.4800. A breakout above EMA(7) at $0.5059 would signal bullish potential.

Actionable Advice:

Monitor closely for stabilization above $0.4920 before entering a trade.

Secure profits at each target and adjust stop-loss levels to mitigate risk.

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