ACT/USDT IS ON FIRE 🔥 🔥 🔥 
### Technical Analysis
1. **Moving Averages**:
- The short-term MA(7) at 0.8164 is above the mid-term MA(25) at 0.6956, which is also above the long-term MA(99) at 0.6375. This is a bullish alignment, indicating upward momentum.
2. **MACD**:
- The MACD line (DIF) is at 0.0622, above the signal line (DEA) at 0.0435, suggesting a bullish crossover with positive momentum.
3. **Volume**:
- Volume has increased significantly, which is usually a sign of strong buying pressure, especially when the price moves up with higher volume.
4. **Current Price Level**:
- The price is currently around 0.8828, close to its recent high of 0.9473. This area could act as a resistance, and if the price fails to break above this, there could be a retracement.
### Suggested Strategy
#### Long Position
- **Entry**: Consider entering a long position if the price breaks and holds above 0.9500 with volume support, confirming a bullish continuation.
- **Take Profit (TP)**: Set TP1 at 1.00 and TP2 at 1.10 for a conservative and aggressive target, respectively.
- **Stop Loss (SL)**: Place SL at 0.8200, just below the recent support, to limit potential losses.
- **Trade Duration**: Short-term, around a few hours to a day, depending on how quickly the price reaches the target levels.
#### Short Position
- **Entry**: If the price fails to break above 0.9500 and shows signs of reversal, consider a short entry around 0.9400.
- **Take Profit (TP)**: Set TP1 at 0.8500 and TP2 at 0.7800.
- **Stop Loss (SL)**: Place SL at 0.9700, above the recent high, to prevent further losses if the price breaks out.
- **Trade Duration**: Short-term, around a few hours to a day.
### Contingency Plans
- **Plan A**: If a long position is taken and the price retraces below 0.8500, consider closing the position to prevent additional losses.
- **Plan B**: For a short position, if the price rallies above 0.9700, consider exiting to avoid further losses.
- **Plan C**: If price remains range-bound between 0.8200 and 0.9500, consider staying out or scalping within the range with tighter SL and TP.
- **Plan D**: Reassess if the price consolidates around support or resistance levels; monitor the MACD and volume for confirmation before re-entering.
This analysis should be adjusted based on market conditions, as the 15-minute chart can lead to rapid changes. #USInflationAboveTarget #BTCBreaks93k $ACT
