I’m seeing a potential profitable trade in $ACH
. Price action is showing clear weakness, and the market structure currently favors a short-term sell.
Trade Type: Sell
Entry Zone: 0.0089 (latest live price reference on Binance)
Stop Loss: 0.0094 – placed just above the recent resistance to limit risk if momentum reverses.
Target Points:
Take Profit 1: 0.0083 – aligns with the first major support zone below price.
Take Profit 2: 0.0078 – deeper support level, allowing room for a continuation move.
Why this setup works:
I’m noticing that ACH has been in a consistent downtrend recently, struggling to break above short-term resistance levels. Sellers are dominating near these zones, and the buying strength is weak. Technical indicators on short timeframes confirm bearish momentum. Entering around the current price gives a favorable risk-to-reward ratio, with clear support levels to target for exits while keeping the stop above resistance. This setup allows me to ride the ongoing bearish bias safely.
I’m keeping an eye on this closely, as a clean sell setup with defined targets and stop loss.
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