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ACA/USDT bullish or bearish? 👀 🚀 ACA today analysis

Long
BINANCE:ACAUSDT   ACA / TetherUS
đź’Ž Paradisers, turn your focus to #ACAUSDT! We've spotted it comfortably trading within a demand zone, hinting at potential future moves.

đź’Ž A retrospective glance shows that # AcalaToken recently broke its trend line, charting an upward path. However, its rejection at the supply zone and the formation of an equal high suggest a potential downward shift.

đź’Ž Currently nestled in the demand zone, if #ACA sustains its momentum, we could see a powerful surge towards the overhead resistance. On the flip side, should it breach this demand zone, it might find support and initiate a bullish continuation from the ascending trendline.

đź’Ž An essential factor to keep in mind is the ascending trendline that's been playing the role of support. If ACAUSDT breaks below this trendline, we could witness a descent to approximately 0.0460.

đź’Ž Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!

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