🚨 $ACT /USDT ALERT: Critical Levels Approaching on the 1-Hour Chart! 🚨
Overview: ACT/USDT has shown significant upward momentum, spiking by over 22% and reaching a high of 0.9500. However, it’s currently experiencing a pullback to around 0.7351, signaling potential consolidation before its next move.
Current Price: 0.7351
Entry Price for Trades: Look for entries around the 0.7350 level, where consolidation may lead to either a support hold or a further breakout.
Key Levels to Watch:
Resistance Levels:
Resistance 1: 0.8144 – A breakout above this could lead to further bullish momentum.
Resistance 2: 0.9000 – Breaking this would confirm strong buyer interest.
Resistance 3: 0.9500 – A re-test of this high could signal an aggressive rally if broken.
Support Levels:
Support 1: 0.6575 – A hold here could signify stability.
Support 2: 0.5004 – Critical to prevent further downside.
Take-Profit Targets:
1. Target 1: 0.8144
2. Target 2: 0.9000
3. Target 3: 0.9500
Stop Loss: Set stop-loss at 0.6575 to manage downside risk.
Cautionary Note: Traders should watch for potential volatility around the resistance and support levels. A breakout above 0.8144 may indicate sustained bullish pressure, while a dip below 0.6575 could trigger further decline. Stay vigilant and monitor price action closely.
