Looking at the analysis shown in the image, it appears that you have a prediction of the price path of the currency (ACT/USDT) based on the support and resistance levels and the expected direction.
Points to note from the analysis:
1. Expected upward trend:
• A chart line appears indicating a breakout of the resistance area around 0.3533.
• It is clear that you expect the rise to continue to the level of 0.4630 as a first target, and then to 0.5500.
2. Possibility of correction:
• The drawn line indicates the possibility of a correction after the initial rise to 0.3533, then a resumption of the rise.
3. Strong support levels:
• The main support is at 0.3137, which is a pivot point if a decline occurs.
4. Trading volume:
• The presence of high trading volume may support the uptrend if the momentum continues.
Is the analysis correct?
• The analysis seems logical and based on clear technical levels (support and resistance). But make sure to monitor the trading volume and momentum, because the continuation of the rise depends on a steady break of the main resistance at 0.3533.
• Also, other indicators such as RSI or MACD should be followed to confirm the validity of the trend.
advice:
• Develop a risk management plan in case the expected scenario does not happen, such as setting a stop loss point below 0.3137 or another point you deem appropriate.