Acet Token will break resistance level and continue to move up

Hello traders, I want share with you my opinion about Acet Token. Looking at the recent price action, we can see a clear narrative unfolding. The asset initially formed a large wedge pattern, experiencing a trend reversal that led to a breakdown and a period of prolonged consolidation within a defined range between the buyer zone around 0.0580 and the upper boundary. Recently, however, the market showed a strong impulse, breaking out of this range and decisively moving upwards. Currently, the price of act is testing the key resistance level at 0.0755, an area historically defined as a seller zone. The hypothesis is that after this powerful impulse, the asset will manage to break and hold above this resistance. A successful retest of the 0.0755 level would likely signal a continuation of the uptrend, paving the way towards our specified take-profit targets. The first goal is set at TP 1 at 0.0860, with a further extension to TP 2 at 0.0960, capitalizing on the anticipated bullish momentum. Please share this idea with your friends and click Boost 🚀
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Disclaimer
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.