After ACT's strong rally, a crisis looms, and short-term decline is inevitable!
After a strong rally, ACT suddenly entered an adjustment mode, and market sentiment quickly became extremely weak. Prices have been continuously suppressed below the MA moving averages, and the obvious downward trend suggests that a weak pattern may persist in the short term.
The market shows that the bullish momentum has significantly weakened, and the bears are gradually taking control. Trading volume is also continuously shrinking, prices are weak, and the market's rebound power is severely lacking. In the current short cycle, it is highly likely that ACT will continue its downward trend, with almost no chance of a rebound in the short term.
Warning: If you hold a large position, it is advisable to consider timely adjustments to avoid risks; for those with light positions or who are observing, it is best to wait for clearer opportunity signals before entering the market. The market is in a bear-dominated phase, and operations should be cautious!
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