#CryptoReboundStrategy The daily chart for ACT/USDT shows promising momentum, with the price currently trading at $0.3636 (+13.43% in the last 24 hours). A significant breakout might be on the horizon, so let’s dive into the key details:
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Key Observations
1️⃣ Descending Trendline Breakout
The price is attempting to break a long-standing descending trendline, which, if confirmed, could signal a strong bullish reversal.
2️⃣ Resistance Zone in Focus
Resistance Level: The blue zone around $0.3700–$0.4000 is a critical resistance area. A successful breakout above this level could open the door for further upside.
3️⃣ Volume Support
The current 24-hour trading volume of $289.77M indicates growing interest in ACT, aligning with the bullish momentum.
4️⃣ Bullish Pattern Formation
A breakout from this consolidation is often a signal for a strong upward move, especially in a recovering market.
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Potential Scenarios
💡 Bullish Case:
If ACT/USDT breaks and holds above the resistance zone, the price could test $0.5000 as the next psychological target, with a mid-term possibility of $0.6000+.
💡 Bearish Case:
Failure to break the resistance zone could lead to a pullback toward the support level of $0.2552.
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Trading Strategy
📌 Entry Points:
Breakout Traders: Look for confirmation above $0.4000.
Pullback Traders: Enter near the support zone of $0.3000 for a better risk/reward ratio.
📌 Targets:
Short-term: $0.4000–$0.5000
Mid-term: $0.6000–$0.7000
📌 Stop Loss:
Place stops below $0.3000 to minimize potential losses in case of a reversal.
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Conclusion
ACT/USDT is approaching a critical resistance level, and the current momentum suggests a possible breakout. However, always ensure proper risk management and patience for confirmations before jumping into trades.
💬 Are you tracking ACT? Share your targets and strategy below!
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