$ACT bullish opportunity!!

read below so you don't misunderstand!!!

Pattern Analysis

1. Trendline Convergence:

The upper trendline is falling (resistance).

The lower trendline is rising (support).

This indicates a symmetrical triangle pattern, where the price is moving towards the meeting point (apex).

2. Potential Breakout:

If the price breaks above the resistance line (around 0.50), the pattern will be confirmed as a bullish breakout.

First target: 0.6187 USDT (horizontal resistance).

Second target: 0.7763 USDT (next resistance).

3. Strong Support:

The strong support area is around 0.45 USDT (blue horizontal line and lower trendline). If the price falls below this, the pattern could fail.

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Trading Strategy

1. Entry:

Wait for price to breakout above 0.50 USDT with high volume to confirm bullish breakout.

2. Stop Loss:

Place below support line or around 0.45 USDT to limit losses if breakout fails.

3. Profit Target:

1st target: 0.6187 USDT (1st resistance).

2nd target: 0.7763 USDT (2nd resistance).

4. Risk Management:

Risk to reward (R:R) should be 1:2 or better.

Do your own research before trading!!