ACT: Will there be a rebound after a deep pullback?
Market Analysis
The recent performance of ACT has been quite weak, with market trading sentiment turning cautious. The price has tested low support multiple times, and a technical rebound opportunity may arise in the short term. If the key support level can be maintained, a certain degree of rebound correction may occur.
Support and Resistance Levels
• Support Levels: $0.3400, $0.3100, $0.2800
• Resistance Levels: $0.3800, $0.4200, $0.4600
Short-term Trading Strategy
Long Strategy (Bullish):
• Entry Point: $0.3400
• Additional Entry Point: $0.3100
• Stop Loss Point: $0.2700
• Take Profit Targets: $0.3800, $0.4200, $0.4600
Short Strategy (Bearish):
• Entry Point: $0.3800
• Additional Entry Point: $0.4200
• Stop Loss Point: $0.4700
• Take Profit Targets: $0.3400, $0.3100, $0.2800
My Prediction
Based on recent market trends and trading volume performance, the short-term outlook is mainly bullish for a rebound. It is recommended to pay attention to the price reaction at the support levels, as there may be considerable profit potential for long positions at low levels.
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