🚨$ACT /USDT Analysis🚨

📊$ACT /USDT is currently trading at $0.6298, down 11.90% over the past 24 hours. The price has been consolidating in a range between $100 and $112 for the past hour, with a recent surge to $109.10.

📉 Short-Term Outlook: The recent price action suggests potential for a short-term bearish move. A break below the $100 support level could lead to further downside, targeting $98.00.

📈 Long-Term Outlook: The overall trend for ACT/USDT remains bullish. A break above the $112 resistance level could signal a continuation of the uptrend, with potential targets at $115 and $120.

Trading Ideas:

📉 Short Entry: Consider a short position at $109.10 with a stop loss at $112.00 and a target of $100.00.

📈 Long Entry: Wait for a break above $112.00 before entering a long position with a stop loss at $109.10 and a target of $115.00.

⚠️Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making any investment decisions.

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