Today I'm sharing a cryptocurrency in the game zone: ACE


Fundamental is the currency of the web3.0 game zone.
The second half of 2023 had a brief surge, but it was relatively short-lived, and now many people have gradually forgotten about it.
However, it doesn't matter. The coin in the game zone, as an application chain, must have potential. It's just difficult to find the dark horse in this track.
As long as you don't approach it with a get-rich-quick or gambler's mentality, there are still plenty of reliable opportunities.
ACE fundamentals: there is an ecosystem, a technical team, financial support, and a certain customer base, which is a relatively average coin. It's not bad to trade this kind of coin for short-term trends.
The fundamentals are determined, and the next step is to find buying points from a technical perspective
The above chart is the weekly trend chart of ACE, from which the following points can be obtained:
First, the weekly chart has been falling since the top and it has been close to a year. From the Whipsaw perspective, it is quite thorough.
Second, after a long period of decline, shorts began to decrease in September, and the price did not break the previous low. Instead, long positions began to increase gradually, and the price broke the previous high. This indicates the current market trend: gradually shifting from a downtrend to a pump trend
Thirdly, it took ACE one month to fall from $14.39 to $4, and 5 months from $4 to $1.75. Currently, the market is oscillating around $2. It is obvious that the shorts have been exhausted during the entire fall process. From an investment perspective, it is worth buying with a stop loss near the previous low. This trade is clear and straightforward.
The current trend in the crypto world is favorable for those who understand the technology, for those with low psychological expectations, and for those with strong confidence.
As long as you have these three factors, I believe that everyone can achieve results in the crypto world.
This year's bull run is different from the past, and some self-attitude adjustments are needed.
Do not buy too many currencies. The best layout is to hold mainstream currencies and a few altcoins to steadily earn your first pot of gold.
Altcoin is definitely an investment for riding the trend dividend, rather than taking a gamble.
The most important thing is that the opportunity to layout altcoin must be considered only after experiencing a significant decline or a long period of whipsaw, and not participating in other times.
ACE0,03%
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JBSTheBossvip
· 2024-10-30 00:19
good information
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