$ACT Recently, ACT has been quite popular. Has anyone bought it? Today's surge of 50% is quite shocking for this coin, it’s also quite flamboyant! This ACT spot market comes with a built-in leverage mode, and if you are leveraging more, you must have quite a bit of courage.
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Looking at the 4-hour chart, check the volume and price indicated by the white arrow. I wonder if anyone has noticed anything? The volume and price are not aligned; there is volume but the price isn't ideal. In professional terms, this is called volume expansion with stagnation, and this surge may simply be aimed at trapping those who chase high prices. Be aware of the risks, everyone; this coin fluctuates too much, and I definitely wouldn't buy spot, I wouldn't buy at all.
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Continuing to look at the chart: Similarly, on the 4-hour Fibonacci, I believe everyone likes this kind of increase, right? Based on today's surge, ACT really has the potential to rise according to the Fibonacci 1:1 ratio. But do you dare to chase it? I don't dare; if it can rise 50% in a day, it can also drop 100% in a day. As always, be aware of the risks.
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If you are particularly optimistic about ACT, you can buy the spot in batches at the two positions marked in my chart. If you buy at 0.4, don’t buy anymore because below is a vacuum zone, you can only be trapped and wait slowly for the position to be released, there is no other way.
The last chart shows a 1-hour level with 3 pin bars, a term called 'burning incense,' what it represents, you can imagine.
If there are classmates holding low-position chips, it might be a good idea to sell them off first. In any case, this coin fluctuates too much; those who like big fluctuations and are optimistic about its future can buy spot. If you can't handle being trapped and just scream about it, it's better not to buy; if you buy, you won't be able to hold on to it until the end.