$act short-term and medium- and long-term entry strategies
From the chart, the current trend of ACT/USDT at the 15-minute and 4-hour levels shows trends in different time periods:
1. 4-hour chart:
• The current price is around 0.6130, having broken through the MA(7), MA(25) and MA(99) moving averages, and the short-term trend is bullish.
• The RSI indicator is around 60, indicating strength but not overbought.
• The MACD indicator is forming an upward golden cross, but the momentum column has not expanded significantly, indicating that the upward momentum is relatively mild.
2. 15-minute chart:
• The price fell after breaking through the high of 0.6367, and the current support level is MA(25) (around 0.5971).
• The RSI shows that there is a need for a correction in the short term, but it remains in the bullish area.
• The momentum column of the MACD is shrinking, indicating that the upward momentum may be temporarily suspended in the short term.
Suggestions:
• If you are a medium- to long-term position holder, you can continue to pay attention to the 4-hour level. You don’t have to worry too much about short-term fluctuations. Pay attention to whether the support near 0.55 is effective.
• In the short term, 0.6367 is an important resistance level. You can wait for the price to break through or fall back to the low point before adding positions.
• Stop loss is recommended to be set according to the 4-hour level, for example, below 0.54 to avoid unexpected retracement risks.
$ACT #ACT🔥🔥🔥