As can be seen from the chart, after a period of fluctuations, ACT prices have recently experienced a strong breakthrough trend. Such a sharp rise is usually accompanied by a short-term correction or the possibility of continued rise. The following are predictions based on technical analysis and corresponding operational suggestions:
Technical Analysis:
Moving average system: The short-term moving average (MA10) and the medium-term moving average (MA30) show an obvious bullish arrangement, accompanied by a strong rise, indicating that the current trend is biased towards the bulls.
Support and resistance levels:
Support: The key support is around 0.5600 (previous upside breakout point).
Pressure level: Short-term pressure is at 0.6200, followed by 0.6500.
Trading volume: The specific trading volume is not seen in the figure, but usually if this kind of pull-up is accompanied by high trading volume, the sustainability of the rise may be stronger.
Correction expectation: The probability of a correction after a sharp rise is high, and it may retrace to the previous breakthrough point.
Today's forecast operation suggestions:
Opening position: It is recommended to pay attention to the pullback opportunities around 0.5800. If the price pulls back to this position and stabilizes, you can try to enter long positions with a light position.
The first take-profit level: set around 0.6200, short-term target.
The second take-profit level is set around 0.6500. Considering the continuity of the market, it is suitable for medium-term holders.
Stop loss: It is recommended to set it below 0.5600. Once it falls below this support, it means that the short-term trend may weaken.
Cautious strategy: Although the current upward momentum is strong, there is a risk of a correction after a continuous sharp rise. Be sure to control your position and do not blindly chase high prices.
Impact of yesterday's direction: Yesterday, prices broke through the low level and rose strongly, and market sentiment clearly turned to bullish, but there may be volatility or a small correction today.
Short-term strategies and volatility range:
If the price breaks through 0.6200 and stabilizes during the day, you can add to your position.
If the price drops below 0.5600, consider stopping long positions and look for repositioning opportunities.
Dynamic adjustment: Pay close attention to market fluctuations and K-line patterns in real time. Once a key pressure level (such as 0.6200) is broken, the market may still hit higher points in the future.
The direction is bullish, and the main focus is on buying on pullbacks.
Grasp the rhythm of selling high and buying low, and pay attention to changes in market fundamentals to assist in judgment! For more technical analysis and practical suggestions, remember to follow Mr. Qiu!
