ACT/USDT: Navigating Key Levels with Precision
ACT/USDT is trading at $0.6358, down 6.43%, signaling a cautious market. The chart reveals a pivotal support zone at $0.5802, where buyers have historically stepped in. On the upside, $0.6466 acts as the first resistance, followed by a stronger barrier at $0.7068 (MA99).
Short-term moving averages (MA7 & MA25) suggest consolidation, while the long-term trend remains bearish unless we see a decisive breakout above $0.70. With moderate trading volume, the market is poised for a potential move—direction depending on how these levels are tested.
Entry Strategy:
For Bulls: Wait for a breakout above $0.6466 with strong volume, targeting $0.70+. Place a stop-loss at $0.62 to limit downside risk.
For Bears: Watch for a breakdown below $0.58, which could open doors for short opportunities. Stop-loss suggested at $0.60.
ACT is at a crossroads—will it rebound or extend its decline? Stay vigilant and stick to your strategy. The market rewards the prepared, not the impulsive!