strong buy

Bearish Outlook for #ACXUSDT with Multiple Targets

The long-term downtrend in #ACXUSDT persists, characterized by declining highs and lows. On higher timeframes, mirror levels are forming, and the market continues to favor short positions, reinforcing the current trend and sentiment. The local structure has been completed and established below a key local level, with a sell block tested and confirmed. There is an observed pull towards the local minimum, with an expectation of a break below this level and continued decline in the asset's price. The initial target on the 30-minute chart is identified, with an entry range between 0.1331 and 0.135. Stop-loss should be set based on individual strategy and risk management. The anticipated targets are 0.1292, 0.1234, 0.1166, and 0.1086.
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AI Analysis

The analysis suggests that #ACXUSDT remains in a sustained downward trend, confirmed by the formation of lower highs and lows on the 30-minute timeframe. The presence of mirror levels on higher timefr...

AI Recommendation

Traders should consider entering short positions within the specified range, carefully setting stop-loss orders to mitigate risk. Monitoring the price action as the asset approaches the local minimum ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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