$ACX /USDT: đ BULLISH BREAKOUT OR FALSE HOPE? đ
The $ACX /USDT pair has shown a significant upward movement, currently trading at $1.0939, marking a 13.17% increase in the last 24 hours. The 24-hour high and low are $1.1288 and $0.9401, respectively. The trading volume for ACX is 112.38M, while for USDT, it is 114.07M. The chart shows a strong bullish candle on the 1-hour timeframe, indicating a potential breakout.
đ The market is experiencing a bullish trend with a strong upward momentum. The price has broken above the $1.00 psychological level, which could act as a new support. The EMA 50 is currently flat, suggesting a potential shift in trend.
đ Trade Scenarios:
- Bullish Scenario: If the price sustains above $1.09, we could see a continuation towards the next resistance at $1.20.
- TP (Take Profit): $1.20
- SL (Stop Loss): $1.05
- Bearish Scenario: If the price fails to hold above $1.09, a pullback towards $1.00 is possible.
- TP (Take Profit): $1.00
- SL (Stop Loss): $1.12
đ Market Outlook:
The market sentiment is currently bullish, but traders should be cautious of potential pullbacks. Monitoring the volume and price action closely will be crucial for making informed trading decisions.
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