๐จ ALERT: $ACT Approaching Key Resistance โ Momentum Building! ๐จ
$ACT is currently trading at $0.5391, showing a strong uptrend with a 5.05% increase. The 30-minute chart reveals consistent upward pressure, signaling potential for a significant breakout.
๐ก Key Levels to Watch:
๐ Resistance Levels:
1. $0.5464 โ Immediate resistance. A breakout above this could trigger bullish momentum.
2. $0.5600 โ A critical level for confirming a sustained uptrend.
3. $0.5800 โ Target for a major breakout, indicating strong market confidence.
๐ Support Levels:
1. $0.5300 โ Immediate support. Holding this is crucial for upward continuation.
2. $0.5106 โ The 24-hour low. A breakdown below this may signal a bearish reversal.
๐ Trade Setup:
Long Entry: Above $0.5464, targeting $0.5600 and $0.5800, with a stop-loss at $0.5300.
Short Entry: Below $0.5300, aiming for $0.5106 or lower, with a stop-loss at $0.5400.
๐ Market Outlook:
ACT is at a critical juncture, with strong buyer interest driving the price. A breakout above $0.5464 could attract more buyers, pushing it towards $0.5800. Conversely, failure to hold support at $0.5300 might trigger selling pressure.
