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#ACE Today, I'm sharing a cryptocurrency called ACE in the game zone.
The fundamentals belong to the currency zone of web3.0 games.
The second half of 2023 has experienced a wave of fire, but it was relatively short-lived, and now many people have slowly forgotten.
However, it doesn't matter. As an application chain, the coin of the game zone must have potential. It's just hard to find the dark horse in this race.
As long as you don't approach it with a mindset of getting rich quick or gambling, there are still many opportunities to be cautious.
ACE fundamentals: it has an ecosystem, a technical team, funding support, and a certain customer base, which is considered average. This coin is good for short-term trading.
The fundamentals are determined, and the next step is to find a buying point from a technical perspective.
The above chart is the weekly trend chart of ACE. From the chart, the following points can be obtained:
First, the weekly chart has been declining since it went online, for nearly a year. From the perspective of Whipsaw, it is quite thorough.
Secondly, after a long period of decline, shorts have decreased since September, and the price has not broken the previous low. Instead, longs have gradually increased, and the price has broken the previous high. This indicates the current market trend: gradually shifting from a downtrend to a pump trend.
Thirdly, ACE fell from $14.39 to $4 in one month, then fell from $4 to $1.75 in 5 months. Now the market is fluctuating around $2. It is evident that the short positions have been exhausted during the entire fall process, making it a worthwhile investment from an investment perspective. Adding a stop loss near the previous low makes this trade crystal clear.
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 everyone can achieve results in the crypto world
This year's bull run is different from the past and requires some self-adjustment in mindset.
Don't buy too many currencies. The best layout is mainstream + a few altcoins to earn the first bucket of gold steadily.
Altcoin is definitely an investment for riding the trend dividend, not for taking a gamble.
The most important thing is that the opportunity to layout altcoins must be considered only after experiencing a large decline or a long period of whipsaw, and do not participate at other times.