$ACT /USDT Technical Analysis and Trade Signal
Current Price: $0.3602 (-9.38%)
Support Level: $0.3520 (24h Low)
Resistance Levels: $0.3750, $0.3900, $0.4130 (24h High)
Technical Indicators Analysis
1. RSI (Relative Strength Index): Near oversold zone (~30), indicating potential reversal or accumulation.
2. Moving Averages (MA):
50 EMA: Above current price, suggesting short-term bearish momentum.
200 EMA: Far above, reflecting an overall downtrend.
3. MACD: Showing signs of bearish divergence but nearing a potential crossover, signaling reduced selling pressure.
4. Volume: High 24h volume confirms active interest in the pair, suitable for short-term trades.
Trade Signal:
Trade Type: Short-term Scalping (Bullish Reversal Expected)
Entry Zone: $0.3550 - $0.3600
Target Levels šÆ:
1. Target 1: $0.3750
2. Target 2: $0.3900
3. Target 3: $0.4130
Stop Loss: $0.3450 (below recent support zone).
Trade Momentum:
Short-Term: Bullish if price breaks $0.3750 with volume confirmation.
Medium-Term: Neutral until price holds above $0.3900.
Long-Term: Bearish unless price surpasses $0.4130 and sustains higher lows.
Note:
Monitor BTC/USDT for market sentiment impact.
Use tight stop-loss and adjust based on momentum near resistance levels.
Ensure proper risk management, targeting a 2:1 reward-to-risk ratio.