ACT rebound momentum is strong! Breaking $0.55, target $0.60!
1. Market Analysis
Current price of ACT: $0.5090, daily high $0.5812, daily low $0.4849. After a turbulent pullback, ACT is gradually stabilizing, approaching the support level of $0.50. If it breaks $0.55, a strong rebound may occur in the short term, with a target price of $0.60 or even higher.
2. Technical Analysis
Support Levels:
$0.50 (short-term support): If the price pulls back to this level, it is expected to receive support and continue to rise. $0.48 (strong support): If this level is breached, the market may further pull back to $0.45 or lower. $0.45 (key support): If this support level is lost, ACT may face a significant downward adjustment, with prices possibly falling below $0.40.
Resistance Levels:
$0.55 (short-term resistance): After breaking this level, ACT is expected to continue rising, with a target of $0.58. $0.58 (strong resistance): If this level is broken, the market target may hit $0.60 and $0.62. $0.60 (breakout target): If this level is broken, ACT may enter a new rising cycle, with targets towards $0.65 or even higher.
3. Short-term Contract Strategy
Long Strategy:
Entry Point: $0.50 Stop Loss: $0.48 Take Profit: $0.58
If it breaks $0.55, you can continue to follow up and go long, with a target price of $0.60.
Short Strategy:
Entry Point: $0.60 Stop Loss: $0.62 Take Profit: $0.55
If the price fails to break $0.55 and pulls back below the support level of $0.48, consider going short.
If ACT breaks $0.55 and continues to rise, it is expected to hit $0.60 in the short term! If it pulls back below $0.48, bears may dominate the market, and prices may fall below $0.45.
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$ACT