$ACT /USDT: Possible Reversal Setup - Watch for Key Levels
$ACT /USDT is currently trading at $0.4983 after finding local support near $0.4800. A recovery attempt is underway, and the price could challenge nearby resistance levels.
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Technical Analysis:
Support Zone: $0.4800 - $0.4900
Immediate Resistance: $0.5100
Key Resistance: $0.5200
The chart indicates a potential short-term reversal, supported by improving momentum.
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Trading Signal:
Entry Zone: $0.4950 - $0.5000
Targets:
1. Target 1: $0.5100
2. Target 2: $0.5200
3. Target 3: $0.5400
Stop Loss: Below $0.4800
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Market Insights:
ACT is showing a 24-hour low of $0.4773, which aligns with its strong support zone.
Volume remains steady, indicating a potential push upward if buyers maintain control.
Risk Management Tip: Trail stop loss upward as targets are reached to protect profits.
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