Short Opportunity for $ACT /USDT
Timeframe: 1-Hour Chart
Setup:
A strong upward spike was followed by a rejection from the $0.42 resistance zone, and a breakdown below $0.38 confirms the short signal. Market momentum is shifting downward, creating an ideal setup for a short trade.
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Trade Details:
Entry Price: $0.382 (confirming the breakdown level)
Take Profit (TP):
TP1: $0.370
TP2: $0.350
Stop Loss (SL): $0.405
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Key Insights:
Look for a volume drop to further confirm the bearish trend.
The setup offers a high risk-to-reward ratio, meaning quick action and precision is key.
If price reclaims $0.39 and shows bullish signs, consider closing the trade.
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