Technical Analysis of ACT/USDT Pair:

The $ACT /USDT chart shows a strong downtrend, with the price currently at $0.4378 and down by 8.64% in the last 24 hours. The 4-hour timeframe highlights key moving averages: MA(7) at $0.4472 and MA(25) at $0.4652, signaling a bearish crossover as the price trades below these levels. The 24-hour low of $0.4096 acts as immediate support, while the 24-hour high of $0.4857 serves as resistance.

Entry Recommendations:

1. Short Position:

Entry: Near $0.4450 (if the price retests the MA(7) as resistance).

Stop Loss: $0.4600 (above MA(25)).

Target: $0.4100 (recent low).

2. Long Position:

Entry: If price stabilizes above $0.4500 with strong volume confirmation.

Stop Loss: $0.4300 (below recent support).

Target: $0.4750 (near MA(25) resistance).

Summary:

The trend remains bearish, favoring short opportunities unless a breakout above MA(25) occurs. Observe the volume closely to validate potential reversals or breakdowns. Trade cautiously as volatility remains high.

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