$ACT /USDT: Bullish Breakout on the Horizon?
ACT/USDT is showcasing a bullish reversal within a Descending Channel pattern, signaling a potential upward breakout. The price is consolidating near $0.43, just below the channel’s upper boundary, indicating strong momentum buildup.
A confirmed 4-hour candle close above the trendline could trigger a rally toward the $0.60 target, aligning with previous resistance levels. Traders are advised to wait for confirmation before entering long positions, with a potential retest near $0.40 offering a favorable risk-reward setup. Proper stop-loss placement is essential to manage risks and avoid false breakouts.
Keep an eye on this key breakout opportunity!
