#CryptoReboundStrategy ACT COIN ANALYSIS đ„đ„đ BIG BREAK OUT ON THE WAY DON'T MISS OUT đ„đ„đđ
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The daily chart for ACT/USDT shows promising momentum, with the price currently trading at $0.3636 (+13.43% in the last 24 hours). A significant breakout might be on the horizon, so letâs dive into the key details:
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Key Observations
1ïžâŁ Descending Trendline Breakout
The price is attempting to break a long-standing descending trendline, which, if confirmed, could signal a strong bullish reversal.
2ïžâŁ Resistance Zone in Focus
Resistance Level: The blue zone around $0.3700â$0.4000 is a critical resistance area. A successful breakout above this level could open the door for further upside.
3ïžâŁ Volume Support
The current 24-hour trading volume of $289.77M indicates growing interest in ACT, aligning with the bullish momentum.
4ïžâŁ Bullish Pattern Formation
A breakout from this consolidation is often a signal for a strong upward move, especially in a recovering market.
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Potential Scenarios
đĄ Bullish Case:
If ACT/USDT breaks and holds above the resistance zone, the price could test $0.5000 as the next psychological target, with a mid-term possibility of $0.6000+.
đĄ Bearish Case:
Failure to break the resistance zone could lead to a pullback toward the support level of $0.2552.
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Trading Strategy
đ Entry Points:
Breakout Traders: Look for confirmation above $0.4000.
Pullback Traders: Enter near the support zone of $0.3000 for a better risk/reward ratio.
đ Targets:
Short-term: $0.4000â$0.5000
Mid-term: $0.6000â$0.7000
đ Stop Loss:
Place stops below $0.3000 to minimize potential losses in case of a reversal.
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Conclusion
đŹ Are you tracking ACT? Share your targets and strategy below!
