$ACE is carving out a large inverse cup & handle on the 4H chart, with the bearish structure still firmly intact.



Price continues to trade below both the 9 EMA and 50 SMA, signaling that sellers remain in control.

A confirmed breakdown beneath the handle support could open the door for another move lower.

As long as resistance holds, I'm watching $ACE for potential short opportunities. A sustained break above the handle high would invalidate the bearish setup.

#ACE #PreIPOsSeason2OpenAISubscription #MillionDepositCashback
ACE-4.59%
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LonelyStoneUnderTheAurora
· 8h ago
The cup-and-handle pattern reversing is definitely rare; $ACE , this structure looks like it’s about to leak downward. Wait for a volume expansion and a confirmed breakdown before going short.
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ExitLiquidityIntern
· 8h ago
#PreIPOsSeason2OpenAISubscription This tag is a bit stacked, but technicals come first. Only after the support breaks should we consider going short; for now, we’ll wait and see
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GateUser-1bc81bb2
· 8h ago
The 9 EMA and 50 SMA are both above your head, and the bears controlling the market isn’t surprising, but you need to keep a close eye on the handle high—don’t get fooled by a fake breakout.
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