ACT shorts crushed, prices collapsed all the way, and bulls were completely out of control!
The recent ACT trend can be described as tragic! It plummeted from the high point of 0.8, and briefly tried to rebound near 0.7, but was ruthlessly suppressed. The price continued to plummet, and the shorts were unstoppable, completely suppressing the bulls' glimmer of hope!
The 4-hour candlestick chart shows that the short-term moving average is like an iron gate, locking the price firmly below it, and any signs of a counterattack were quickly strangled. Continuous negative lines and upper shadows, and the trading volume is even more sluggish. This is by no means a rest for the market, but a complete "mute" of the bulls!
In the short term, it is probably difficult for prices to have an effective counterattack, and the situation dominated by shorts seems to be a foregone conclusion. It seems that ACT will continue to be in a downturn in the short term, and the market dominated by shorts will continue to dominate! Follow Lao Chen to provide you with detailed analysis to help you navigate the market with ease.
