Current Setup $ACT /USDT is showing signs of a reversal after hitting resistance near $0.4130. Momentum is shifting bearish on the 1-hour timeframe, indicating a potential short opportunity.
Trade Plan • Entry Zone: $0.3675 - $0.3700 • Stop Loss (SL): $0.4140 (Above recent highs) • Take Profit (TP): • TP1: $0.3400 (First key support) • TP2: $0.3200 (Extended target for deeper correction)
Risk Management Allocate no more than 2-3% of your capital for this trade. Adjust position size based on your SL to ensure proper risk control.
Market Insight Volume spikes and previous rejection at $0.4130 confirm strong resistance. Monitor closely for breakdowns below $0.3600 to confirm further downside.