$ACH
$ACH Analysis: Healthy Retracement or Trend Reversal? 📉🚀
Looking at the $ACH/USDT 1-hour chart, we are seeing some interesting price action after a solid +7.51% move. Here is the breakdown:
🔍 Technical Insights:
Price Action: After hitting a 24h high of 0.01138, the price is currently cooling down around 0.01088. This looks like a standard consolidation phase after a pump.
Indicators: The MACD shows a slight bearish crossover, suggesting some short-term selling pressure. However, the RSI is sitting at a neutral 48-57, meaning it’s far from being "oversold" or "overbought."
Support/Resistance: I'm keeping a close eye on the 0.01062 support level (Lower Bollinger Band). If it holds there, we could see a strong bounce back toward the 0.01140 zone.
💡 Trading Strategy:
Entry Zone: Looking for entries near the 0.01065 area if the support remains firm.
Target: Looking to reclaim the 0.01130 resistance level in the short term.
Stop Loss: Below 0.01010 to manage risk.
What do you think? Is $ACH ready for another leg up, or are we heading lower to test the 24h low again? Let me know your thoughts in the comments! 👇
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