šØ $ACT /USDT Trading Signal ā Key Support and Resistance Levels! šØ
Market Sentiment: $ACT /USDT has shown a significant pullback, currently down -8.91% on the 1D chart. The price has tested lower levels, and traders should be cautious of further retracement or a potential rebound.
šÆ Trade Setup:
š Long Position:
Entry: Above $0.3200
Target 1: $0.3500
Target 2: $0.3700
Stop Loss: $0.3000
š Short Position:
Entry: Below $0.3000
Target 1: $0.2800
Target 2: $0.2500
Stop Loss: $0.3200
š Analysis:
Volume Analysis: The current volume indicates moderate activity, with volume slightly decreasing in the last 24 hours.
Support/Resistance: Immediate support is at $0.3000, with resistance near $0.3500. A breakout above resistance could signal a bullish continuation.
Trend: $ACT is currently in a downtrend, but a price reversal or a break of key resistance could signal a potential reversal or consolidation.
š” Pro Tips for Traders:
ā Watch for a breakout above $0.3200 for a potential long entry.
ā Keep a tight stop-loss strategy as volatility is present.
ā Consider securing partial profits as the price nears resistance levels.
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