The price of ACT/USDT shows a clear upward trend, here are the entry suggestions:
1. Short-term strategy: If you plan to trade short-term, you can observe whether it will break through the current resistance level (e.g., above 0.56). If it cannot effectively break through, you may need to wait for the price to pull back to the support level (e.g., 0.53 or below) before considering entry. At this time, using oscillation operations is safer.
2. Medium-term strategy: From the 4-hour chart and daily chart, the price shows a clear rebound trend. If you want to capture the medium-term trend, you can wait for a pullback to near the moving average (e.g., 25-day moving average, around 0.54) before entering. Also, pay attention to stop-loss and capital management to avoid chasing high prices. The first take-profit target is 0.65, the second target is 0.7.
3. RSI indicator reference: Currently, the RSI (6) is around 76, indicating an overbought area, and there may be adjustment pressure in the short term. You can consider buying when the RSI indicator falls back to around 50.
4. Funding rate and settlement: The funding rate is positive (0.005), indicating that the bulls have the advantage, but be wary of a short-term bear counterattack.
• If the price stabilizes above the support level, you can wait for a signal of increased volume to enter in the direction of the trend.
