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$ACT — Oversold Exhaustion or Fake Bounce? 🔍
$ACT remains in a clear downtrend, but signs of seller exhaustion are starting to appear. Price is deeply oversold, so instead of chasing the downside, I’m watching a cautious counter-trend long.
4H volume has expanded to ~300M (previously ~100M), often a sign of capitulation.
Capital flow: last 24H shows -3.12M outflow, while the latest 1H inflow of +249K suggests early bottom buyers may be quietly stepping in.
📍 Trade Idea (High Risk)
Entry: 0.03261
Stop Loss: ~4.5%
Targets: 0.03659 → 0.03820
Conservative: wait for a 4H close above MA5
🧠 Technical Snapshot
RSI < 20 | Lower Bollinger Band | KDJ extreme
These conditions often lead to at least a relief bounce, though the broader trend remains bearish — strict risk management is key.
Not financial advice
$ETH #ACT #ACE #ARB