$ACT /USDT Technical Analysis and Trade Signal🚀🚀🚀🚀🚀👍👍👍

Current Price: $0.5318

Trend: Bearish (Short-term downtrend)

Key Levels to Watch

Support: $0.5230 (24h low)

Resistance: $0.5550 and $0.5800

Technical Indicators

1. RSI: Oversold (~30), indicating potential for a rebound.

2. MACD: Bearish crossover, showing downward momentum.

3. Moving Averages: Price is trading below the 50 EMA and 200 EMA, confirming a bearish trend.

Trade Signal: Short-Term Long (Reversal Play)

If ACT/USDT holds above $0.5230, a rebound is likely. However, if it breaks below this level, bearish continuation to lower levels is expected.

Entry Point

Long: $0.5250 – $0.5300 (Support zone)

Targets 🎯

1. Target 1: $0.5450

2. Target 2: $0.5650

3. Target 3: $0.5800

Stop-Loss

Below $0.5150 (to protect against further downside).

Trade Momentum:

Bullish on Breakout: If price clears $0.5550 with strong volume, momentum will shift toward the next resistance levels.

Bearish on Breakdown: If $0.5230 fails to hold, expect a decline toward $0.5000 or lower.

Recommendation: Monitor price action closely around $0.5230. A bounce from this level offers a low-risk long trade, while a breakdown signals short opportunities.

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