$ACS Explosive Breakout & Trading Strategy Unveiled!MEXC:ACSUSDT.P
Entry Level:
Marked at 1 0.001820 - 0.001850 USDT, indicating the intended entry point for a long position.
DCA (Dollar Cost Averaging): Set at 1.135 (0.001925) USDT, suggesting a level to add to the position if the price dips.
Take Profit (TP) Levels:
TP1: 0.786 (0.001654) USDT
TP2: 0.5 (0.001523) USDT
TP3: 0.5 (0.001431) USDT
TP4: 0.0 (0.001043) USDT
Stop Loss (SL): Set at 1.272 (0.002031) USDT, above the entry to limit potential losses.
The price has recently broken below the TP4 level, indicating a potential reversal or strong downward momentum.
RSI (Relative Strength Index):
The RSI at the bottom shows a sharp increase, moving from around 30 (oversold territory) to over 80 (overbought territory) in a short period. This suggests the recent price spike may be overextended and could be due for a pullback.
