$ACT

The overall bullish trend of act is quite obvious. After the previous significant drop, there was strong buying power at the bottom, with a 31% increase in the 24h position volume. The main contracts have also been in an inflow state from 24h to 4h. After consolidating for a period from yesterday until now, it seems there is momentum for a breakthrough. Some friends have asked me if they can open positions now, so I'll provide a unified response.

From the data, this upward momentum should be confirmed, but I know you all like to play short-term. If you want to trade short-term here, you just need to see how to optimize the risk-reward ratio. Look at your trading plan and acceptable stop-loss range. There are two stop-loss points: one around 0.519 and another around 0.48 (both of which are also support levels). The risk-reward ratio for the former is about 2, while the latter is around 1.2. I think the cost-effectiveness isn't very high. If you want a higher risk-reward ratio, everyone can wait to buy the dip when it approaches these two levels.

If you are a long-term trader, don't pay attention to fluctuations of a few dozen points. The wizard brother act has already seen a market value of 10 billion 😶‍🌫️