ACT Trend: Sharp Decline, Can Key Support Hold?

Market Analysis

Currently, ACT is in an overall downtrend, with strong bearish sentiment. Although market trading volume remains active, prices continue to be under pressure, and there is a possibility of further probing support in the short term.

Support and Resistance Levels

• Support Levels: $0.28, $0.26, $0.24

• Resistance Levels: $0.30, $0.32, $0.34

Short-term Trading Strategy

1. Long Strategy

• Entry Point: $0.28

• Add Position Point: $0.26

• Stop Loss Point: $0.23

• Take Profit Targets: $0.30, $0.32, $0.34

2. Short Strategy

• Entry Point: $0.30

• Add Position Point: $0.32

• Stop Loss Point: $0.35

• Take Profit Targets: $0.28, $0.26, $0.24

$ACT

My Prediction

Currently, the price is close to key support below. It is expected that there may be continued downward movement in the short term, making it suitable to adopt a short position strategy and wait for lower levels to then establish long positions.

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