ACH: Supply Exhaustion at Key Resistance Barrier

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ACH: Supply Exhaustion at Key Resistance BarrierACH / TetherUSBINANCE:ACHUSDTAnhbaCong_ACH: Supply Exhaustion at Key Resistance Barrier – Strategic Long Setup on Accumulation Retest ACH is displaying highly encouraging signs of momentum building following two successive attempts to resolve its rectangular accumulation structure to the upside. During the first breakout attempt, heavy profit-taking triggered a long upper wick suppressing prices back beneath the dynamic MA100 baseline and into the range. However, on the second breakout attempt, despite encountering mild resistance at the $0.0050 psychological round number, the subsequent pullback proved remarkably shallow, indicating that overhead supply has been largely absorbed. Based on the visual data from the 4-hour chart , the clear exhaustion of selling pressure around $0.0050 sets the stage for an expansive bullish continuation. Within the current price framework, this shallow dip functions as a routine technical retest against the upper boundary of the rectangle to sweep for liquidity. Reclaiming $0.0050 decisively will unlock vast upside potential, as the price territory above remains completely clear of significant overhead barriers. Consequently, the optimal strategy right now is to exercise patience and await the price action to execute a clean retest against the newly converted support floor. Activating a Long position upon this support confirmation provides an exceptional risk-to-reward edge, allowing for an exceptionally tight stop-loss placement while targeting expanded upside objectives. Disclaimer: This is not financial advice, DYOR.