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Technical analysis by Asif_Iqbal_chaudhary about Symbol ACH: Sell recommendation (2/19/2025)

https://sahmeto.com/message/3257373
Sell،Technical،Asif_Iqbal_chaudhary

ACH/USDT) is currently showing signs of a potential bearish reversal after forming a double top near the resistance zone. Additionally, the RSI divergence suggests weakening bullish momentum, increasing the probability of a downward move.Trade Setup:📌 Entry Price: 0.03367 (Below neckline support)📌 Stop Loss: 0.03753 (Above resistance to avoid stop hunts)📌 Take Profit 1: 0.02981📌 Take Profit 2: 0.02589Technical Outlook:🔹 Double Top Formation: A clear bearish pattern, signaling a potential trend reversal.🔹 RSI Divergence: Momentum is weakening, suggesting a shift from buyers to sellers.🔹 Breakdown Potential: If the price breaks below the neckline, further downside movement is expected.📊 Strategy:Traders should watch for a confirmed breakdown below the neckline before entering short positions. If rejection occurs and the price moves back above resistance, reconsideration may be needed.💡 Trade Wisely & Manage Risk Effectively! 🚀

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$0.03701
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