short technical analysis and trade signal for the $ACT
/USDT pair:
Technical Analysis
Current Price: $0.3724 (+15.08%)
Trend: Bullish momentum, showing positive movement with a significant 24-hour gain.
Support Level: $0.3162 (24h Low)
Resistance Level: $0.4130 (24h High)
Trade Signals
Buy Signal: If price maintains above $0.3600, the bullish momentum could continue.
Sell Signal: If price drops below $0.3600, consider exiting, as it may indicate a reversal or consolidation.
Target Levels 🎯
1. First Target: $0.3850 (Immediate resistance area)
2. Second Target: $0.4050 (Next resistance zone)
3. Third Target: $0.4150 (Potential breakout level)
Momentum:
Positive Momentum: Currently, the market shows strong buying pressure, with higher volumes and a bullish trend.
Watch for a Pullback: Be cautious for a minor retracement around $0.3600 before a potential upward breakout.
Consider entering trades based on support-resistance levels and closely monitor for any breakout or consolidation patterns.
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