---$ACT
đ ACT/USDT Trade Breakdown & Successful Prediction đ
Iâm excited to share an update on my recent analysis of the ACT/USDT pair, which followed through exactly as anticipated! Letâs dive into the breakdown of this trade, from initial prediction to actual price movement.
𧩠Trade Analysis: The Setup
In the first chart, I identified a critical support level (SL) and highlighted strong demand zones where buyers were likely to step in. At this point, ACT/USDT was consolidating around these zones, showing signs of building bullish momentum.
Support Level (SL): 0.4548974
Initial Price: 0.58263
Target Area: Based on technical analysis, a 24.08% increase was expected upon a breakout from the resistance area.
đ Why I Predicted the Pump
The market structure and price action suggested a bullish pattern, as ACT continued to respect key support levels. With the volume increasing and resistance levels being tested multiple times, it indicated that the sellers were losing strength. This gave a high probability of an upward breakout.
Key points that strengthened this prediction:
1. Strong Demand Zones: Highlighted in blue on the chart, these zones acted as magnets for price, suggesting buyers were waiting to push the price higher.
2. Volume Increase: The increasing trading volume pointed towards significant buying interest, a typical precursor to a breakout.
3. Bullish Price Action: The series of higher lows and consistent tests of resistance pointed towards a weakening supply, giving confidence in the potential upside move.
đ„ Second Chart: The Pump Played Out
In the second chart, we see the outcome. As predicted, ACT/USDT surged, reaching the highlighted target zone. The price action followed the projected path, moving up by 24.08%, rewarding those who took the trade based on the analysis.
High Achieved: 0.63868 (compared to the entry at 0.58263)
Total Gain: 24.08% increase from the entry level
This kind of precise move showcases how technical analysis, when done correctly, can provide high-probability setups. The key was patience and sticking to the setup, letting the price develop and respecting our support level.
đ Learning Points from This Trade
1. Respect the Support Zones: Price held above the support level, a good indication that buyers had control.
2. Wait for Confirmation: Identifying the demand zones and waiting for volume confirmation can reduce risk and enhance profitability.
3. Plan and Execute: This trade was planned in advance, allowing for a smooth execution without emotional interference.
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đą Follow for More Accurate Predictions
This is a perfect example of how technical analysis can give you a strategic edge in the market. If you want more analysis and setups like this, make sure to follow my channel and stay tuned for the next potential trade.
Letâs keep profiting from the markets with smart, well-informed moves. đ
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