$ACT

The chart highlights a bullish Descending Channel pattern, signaling a potential upward breakout. The price is consolidating near the upper boundary of the channel, suggesting strong momentum buildup. A 4-hour candle close above the trendline would confirm the breakout, triggering a potential rally.

Key Observations
A well-defined descending channel indicates a bullish reversal setup.

The current price near $0.43 is poised for a breakout with strong momentum.

Target for the move lies at $0.60, aligning with prior resistance levels.

Strategic Implications
Wait for a confirmed 4-hour candle close above the upper trendline for long entries. A retest near the $0.40 support zone could offer a favorable risk-reward entry. Utilize proper stop-loss levels to mitigate risks and avoid false breakouts.