Action: Short-term Trade
Entry Range: $0.6150 - $0.6220
SL: $0.6080
TP: $0.6350 - $0.6500
Currently, ACX is exhibiting consolidation within the range of $0.5681 to $0.6265. The price has been fluctuating within this range, suggesting that market participants are uncertain. However, there's potential for a slight upward break as the price is testing the upper resistance level around $0.6265. If the price breaks above this resistance and holds, we may see a quick move toward $0.6350, which is a good scalping opportunity.
To capitalize on this potential movement, you can enter around $0.6150 to $0.6220, setting a tight stop-loss at $0.6080 to minimize risk. As long as the price holds the support above $0.6100, you can aim for small profits in the range of $0.6350 to $0.6500.
This is a high volatility asset with substantial 24-hour volume, making it suitable for quick entry and exit strategies.
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🚨Note: Trade at your own risk. DYOR.