I have identified a recent establishment of a resistance level on the 240-minute chart for the ACEUSDT pair. In light of this observation, I have opted to assume a short position, undertaking a calculated risk equivalent to approximately 2.5% of my trading account. This decision is based on a strategic evaluation of the market dynamics, with the intention of capitalizing on potential downward price movements. By adhering to prudent risk management principles, I aim to navigate the market with a disciplined approach, aligning my trading activities with a carefully considered risk-reward profile for optimal portfolio preservation and potential profitability.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.