The $ACT /USDT 4-hour chart shows a strong consolidation phase between support at 0.4500 and resistance at 0.4800, forming a range-bound market. Traders can use this range for potential entry opportunities.
Long Entry: Break above 0.4800 with a stop loss at 0.4600 and targets at 0.5000 and 0.5200.
Short Entry: Break below 0.4500 with a stop loss at 0.4700 and targets at 0.4300 and 0.4100.
Current price action suggests waiting for a breakout confirmation before entering. Risk management is crucial to avoid false breakouts in this zone.
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