$ACA | Rejected at Downtrend Line, Sellers Absorbing Strength
Price spiked into the descending trendline and was firmly rejected, with follow-through lacking and each pop being sold. The failure to hold above local breakout levels, combined with a close back near the lows, indicates sellers are absorbing buying attempts.
Entry Zone (Short): 0.00435 – 0.00465
Stop Loss: 0.00525 (above downtrend line & 99MA)
Take Profit Targets: 0.00395 / 0.00335 / 0.00290
Key Levels:
· Resistance / Entry Zone: 0.00435 – 0.00465
· Breakdown Acceleration: Below 0.0039–0.0040 (25MA zone)
· Support Targets: 0.00395, 0.00335, 0.00290
· Invalidation: Break and hold above 0.00525
Additional Risk: Delisting notice may increase volatility and wicks. Trade with extra caution.
Strategy: Consider short positions on a rejection within the defined zone, confirming sellers remain in control. The setup anticipates a breakdown toward the next support levels.
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