a quick technical analysis and trade signal for the $ACT

/USDT pair:

Technical Analysis (ACT/USDT)

Price Action: ACT shows a strong positive movement, currently at $0.2901 (+12.62% in the last 24 hours). It is near the 24h high ($0.2915), indicating upward momentum.

Support Levels:

First Support: $0.2569 (Recent 24h low)

Second Support: $0.2420 (May act as further pullback support)

Resistance Levels:

First Resistance: $0.2915 (Previous 24h high)

Second Resistance: $0.3000 (Key round psychological level)

Third Resistance: $0.3100 (Near the high of previous moves)

Momentum: The current momentum is positive with a bullish trend since it has been in a +12.62% rise over the last 24 hours. Look for continued upward movement unless a sharp pullback breaks the $0.2569 support.

MACD: Indicator suggests bullish sentiment with the fast line above the slow line, supporting potential for price continuation.

RSI (Relative Strength Index): RSI around 60-70 shows the asset is approaching overbought conditions but still within healthy momentum range for short-term bullish movement.

Trade Signal & Target Levels:

Long Position (Buy Signal):

Entry Price: $0.2901 (current price)

Target Levels (🎯):

1. Target 1: $0.3000 (Short-term resistance)

2. Target 2: $0.3100 (Medium-term resistance)

3. Target 3: $0.3200 (Strong next level of resistance)

Stop Loss: $0.2569 (just below the 24h low and near first support)

Trade Momentum:

Strong bullish momentum with upward movement. Observe pullbacks towards the lower support levels for entry points. Ensure that momentum continues past resistance levels to secure profits at the targets.

Important Notes:

Always adjust your trade for risk tolerance.

Look for any sharp reversal signals or breaking below support levels before considering exiting the position.

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