$ACT /USDT 1D Chart

1️⃣ Current Trend:

• The price is moving within a descending channel, with the nearest peak at 0.9500 and the lowest bottom at 0.0196. The main trend remains bearish as the price continues to create lower highs and lower lows.

2️⃣ Support and Resistance:

• Nearest Support: Area 0.2823 (the lowest price in 24 hours). If this zone is broken, the price may continue to decline to lower levels within the channel.

• Nearest Resistance: The middle line of the descending channel (around 0.3142). Breaking this level, the price may approach the upper edge of the channel at 0.6554.

3️⃣ Trading Strategy:

✅ Buy (Long):

• Wait for the price to react positively at the lower edge of the descending channel, combined with reversal signals from indicators such as RSI (oversold) or MACD (divergence signal).

❌ Sell (Short):

• Continue trading in the bearish trend when the price bounces down from resistance levels or the upper edge of the channel.

4️⃣ Important Notes:

• The trading volume in 24 hours is quite large (419.17M), need to monitor the cash flow to assess the strength of the trend.

• The bearish trend still dominates, therefore prioritize sell strategies when the price reaches resistance zones.

Plans must be accompanied by strict capital management and closely follow market developments!