$ACT: The price is recovering from the support area of $0.2567; however, the overall trend remains bearish. Currently, a signal confirmation is needed to consider the next trend.

1. Price Trend

4-hour frame (4H): The price is at $0.2803, down 2.40% in the last 24 hours. After hitting a low at $0.2567, the price has slightly recovered but remains below the middle band of the Bollinger Bands ($0.2930). RSI is at 42.98, signaling weak trend but not oversold.

15-minute frame (15M): The price has surpassed the middle band of the Bollinger Bands ($0.2736) and is approaching the upper band ($0.2799). RSI is at 84.62, in the overbought area, indicating a high possibility of short-term correction.

2. Entry Points

Buy Point (Long): Wait for the price to adjust to the range of $0.2700 - $0.2730 and look for bullish reversal signals such as a Hammer candle or RSI to decrease to the level of 50-60.

Sell Point (Short): If the price reverses and breaks below $0.2760, this is a signal to open a short position.

3. Take Profit Levels

Buy Order: Take profit at $0.2870 - $0.2900 (near resistance).

Sell Order: Take profit at $0.2600 - $0.2650 (lower support).

4. Stop Loss

Buy Order: Stop loss below $0.2560 (breaking the nearest support).

Sell Order: Stop loss above $0.2850 (breaking the nearest resistance).

5. Overall Strategy

The current price still lies within a long-term bearish trend but is showing signs of slight recovery. Trading should only be done in the short term, with a focus on monitoring signals at support/resistance areas for decision-making.

Hashtags:

#ACT #ACTUSDT #TechnicalAnalysis #CryptoTrading #SupportResistance #BollingerBands #RSI