Trade setup 🎯 $ACE
Entry Zone:0.2780 – 0.2810
Targets
TP1: 0.2950
TP2: 0.3100
TP3: 0.3350
Stop-Loss:0.2690
Analysis: The Battle at the Basement
$ACE is currently playing a high-stakes game of "floor is lava." After a massive vertical wick tagged 0.300, the price took a quick breather, pulling back to find its footing.
Look closely at the 1-hour chart: we are seeing "buyer absorption." Every time the bears try to push the price below 0.274, the bulls step in with a vacuum cleaner, sucking up the supply and leaving behind those long lower wicks. The Moving Averages (MA7 and MA25) are starting to tangle up—this usually means the market is catching its breath before a big "sprint" move. It’s not a crash; it’s a consolidation phase where the weak hands exit and the "smart money" refills their bags.
Outlook: The Launchpad Verdict
As long as ACE keeps its head above the 0.270 water line, the bullish dream is very much alive. We are essentially building a launchpad here.
The Catalyst: A solid hourly candle close above 0.285 will be the starting gun, likely sending us back to test the 0.300 psychological barrier.
The Risk: If we lose the 0.269 support, the "coiled spring" snaps, and we’d need to step aside and wait for a deeper reset. For now, the bulls are defending the fort with diamond hands. #ACE #analysis $ACE
