$ACE /USDT TECHNICAL ANALYSIS – BULLISH BREAKOUT CONTINUATION
$ACE /USDT is displaying strong bullish momentum after reclaiming and holding above all key moving averages. The market structure has shifted in favor of buyers, with price consolidating above a former resistance zone that is now acting as support. This setup suggests a continuation toward higher resistance levels if momentum sustains.
Market Bias: Bullish
Trade Type: Long
Entry Zone:
– On pullback and confirmation above the support zone
Targets (TP):
– TP1: Immediate resistance from recent price expansion
– TP2: Upper resistance from prior rejection zone
– TP3: Major supply area on the higher timeframe
Stop Loss (SL):
– Below the reclaimed support and recent higher low
Technical Confluence:
– Price holding above MA(7), MA(25), and MA(99)
– Bullish market structure with higher highs and higher lows
– Moving average alignment supporting trend continuation
– Strong volume backing the breakout move
Risk Management:
Risk a small percentage of capital per trade, secure partial profits at targets, and trail stop loss to protect gains.
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