Is there still a rebound opportunity behind the ACT decline?
Standoff between bulls and bears, key level analysis!
In-depth analysis of the market you don't want to miss, quick overview!
Market Analysis
ACT has shown a continuous downward trend recently, and market sentiment is quite low, currently approaching the previous low point area. There may be a certain amount of oversold rebound in the short term, but overall attention should still be paid to the strength of the support level below.
Support and Resistance
• Support Levels: 0.2800, 0.2700, 0.2500
• Resistance Levels: 0.3000, 0.3200, 0.3500
Short-term Trading Strategy
1. Long Position Plan
• Entry: 0.2850
• Add Position: 0.2750
• Stop Loss: 0.2480
• Take Profit: 0.3000, 0.3200, 0.3500
2. Short Position Plan
• Entry: 0.3000
• Add Position: 0.3200
• Stop Loss: 0.3520
• Take Profit: 0.2850, 0.2750, 0.2500
My Prediction
I tend to favor long positions; currently, ACT is close to a key support area, and there is an opportunity for a rebound in the short term, suitable for entering at low levels to seek rebound profits.
【Every day I will share analyses of mainstream coins and altcoins with you; you can click on the coin pair tags in the article for trading. I wish my brothers and sisters a bountiful profit!】