The fluctuation of altcoins usually follows the rhythm of Bitcoin (BITCOIN) and rotates rapidly. Today, the new coins ACT and PNUT launched on Binance have rebounded. Although the US stock market has rebounded to a certain extent after the market, the trading volume is low, and it remains to be seen whether the upward momentum can continue.
From the 4-hour K-line, it may be in the bottoming stage of the bottom area. The short-term pressure level of ACT is 0.49, while the pressure level of PNUT is 1.3. If it wants to rise further, it needs the cooperation of trading volume and breaking through these key price ranges.
Regarding the entry strategy: you can consider buying in batches, gradually adding positions on the left side of the decline, but wait and see on the right side, and wait for the market to confirm before making any operations.
Unlike projects such as PEPE, ACT and PNUT represent shorter cycles, and both are emerging assets in the bull market. If the market strengthens, they may become mainstream assets, and it is unlikely to have a sharp correction in the short term.
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