Yello Paradisers! Are you seeing what smart money is doing on #ACH right now, or are you about to become liquidity for the next leg down? This current move might look harmless to inexperienced traders… but the structure is telling a completely different story. And if you understand what the chart is really showing, you know this is not the place to get emotional.
💎#ACH formed a buying climax followed by climactic action bar, strongly suggesting that institutional players are offloading and preparing for more downside move according to volume spread analysis (VSA).
💎#ACH breaks the lower trigger line of buying climax for the second time, which confirmed the weakness, if momentum holds, the next major target sits around 626 that could be tested soon.
💎#ACH respected the descending resistance and failed to break above it, which confirms ongoing weakness. #ACH momentum has now clearly shifted to the downside, as long momentum sustained within the supply zone, we can expect a further move down toward the minor support level of 707.
💎If #ACH manages to break above the key resistance at 822 with a strong momentum candle, this whole bearish probability would be invalidated, and we could instead see a bullish continuation. As always, we let price confirm our bias.
Discipline is key, Paradisers! The charts may look volatile, but this is where professionals thrive and amateurs panic. Don’t let emotions guide your trades. Wait for clear confirmation and manage risk like a pro. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
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