$ACX pumped very fast and now the momentum looks weak. The long rejection wicks show that sellers are starting to take control and distribution may be happening. Because of this, a short position can be considered.
Trade Setup:
Entry: 0.0592 – 0.0605
Stop Loss: 0.0638
Targets:
TP1: 0.0568
TP2: 0.0549
TP3: 0.0527
Always manage risk and trade carefully.
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