Is the recent ACT rebound just a flash in the pan? Death cross reveals itself, and a storm of short sellers is about to descend!
Last night, the ACT price suddenly surged with a strong bullish candle, reaching the trend's bottom support, leading the market to momentarily believe that a rebound had indeed begun. However, a closer analysis of the underlying technical chart reveals ominous signs — the MACD death cross has quietly emerged, indicating that the upward momentum will be difficult to sustain in the short term, and the bulls' hopes may be shattered in an instant.
Technical indication: Although the short-term rebound brings a glimmer of hope to the market, the formation of the MACD death cross means that short-selling forces are accumulating, increasing the risk of a market reversal. If the price cannot maintain above the support level, the bears may quickly launch an offensive, leading to a more significant correction!
The current rise feels more like a bear's “trap,” and the bulls may be in their last gasp before a “counterattack.” The next few hours will be a critical moment to determine the fate of the price trend!
Investors should exercise caution! The upcoming market fluctuations may bring significant risks that cannot be ignored, a storm of short sellers is brewing, pay attention to market changes after the death cross, and be ready to adjust strategies at any time!
