Market Overview
Current Price: $0.4126 ๐
24h Change: +2005.10%
24h High: $0.4740
24h Low: $0.0196
24h Volume: 314M ACT / 124.16M USDT
Technical Analysis ๐
ACT has experienced an incredible rally, skyrocketing by over 2000% in 24 hours, making it one of the top gainers. This kind of parabolic increase suggests strong buying momentum but also indicates potential volatility. Current volume levels support the uptrend, but the recent red candles hint at some profit-taking.
Trade Setup ๐
1. Entry Zone: Around $0.410 - $0.415 for those looking to enter on a slight pullback.
2. Targets:
Target 1: $0.450 ๐ฏ
Target 2: $0.490 ๐
Target 3: $0.530 ๐ฅ
3. Stop-Loss: $0.370 to limit downside risk.
Indicators ๐
Volume: High, though starting to decrease slightly, which may indicate a consolidation phase.
Moving Averages (MA): MA5 remains well above MA10, showing a strong upward trend.
RSI & MACD: Likely in overbought territory (not shown), so exercise caution as a correction could be imminent.
โ ๏ธ Note: Given the extreme volatility, this trade setup is high-risk. It's advisable to monitor price action closely and adjust stop-loss levels to lock in profits as the price progresses toward the targets.
