Behind the decline of ACT, is there still a chance for a rebound?
Long and short confrontation, key point analysis!
In-depth analysis of the market you won't want to miss, quick overview!
Market Analysis
ACT has recently shown a continuous downward trend, and market sentiment is relatively low. It is currently approaching the previous low point area. There may be a certain degree of oversold rebound in the short term, but overall, we still need to pay attention to the strength of the support level below.
Support and Resistance
• Support levels: 0.2800, 0.2700, 0.2500
• Resistance levels: 0.3000, 0.3200, 0.3500
Short-term Trading Strategy
1. Long Position Plan
• Opening Position: 0.2850
• Adding Position: 0.2750
• Stop Loss: 0.2480
• Take Profit: 0.3000, 0.3200, 0.3500
2. Short Position Plan
• Opening Position: 0.3000
• Adding Position: 0.3200
• Stop Loss: 0.3520
• Take Profit: 0.2850, 0.2750, 0.2500
My Prediction
Tending to go long, currently ACT is close to the key support area, and there is a chance for a rebound in the short term, suitable for low-level intervention to seek rebound profits.
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