$ACT Price Action Analysis Why can ACT buy low? The ATC chart shows a bull flag nested within another bull flag, which then releases negative news that highlights the conflict between the community and developers. This kind of news can be ignored directly. Returning to the market, we can observe that after each decline, there is buying back, and the overlap is significant, meaning that the bulls buying on the dips in past candlesticks can make money. Any segment of a trend that allows the counter-trend side to profit is inherently problematic. Therefore, the next time we reach a new low point, the probability of making money on the long side is still high. We can also choose to buy from the new low points on a smaller bull flag chart, which has a high probability of making money. The bull flag chart itself has a 75% chance of breaking upwards, and it also tests the starting point of the channel, which is the new high.
In summary, there can be two take-profits when buying at low points. Join the Binance chat room 3704990 to tell you 🙄