ACT/USDT Price Action: Perfect Prediction Unfolded! 🚀
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In our earlier analysis (refer to the first chart), we highlighted a clear price setup in the ACT/USDT 4-hour timeframe. The price was consolidating within a defined range, forming a descending wedge—a bullish reversal pattern—while holding strong at the support zone.
Key Highlights of the Prediction:
1. Support Zone Identified:
The price showed consistent buying interest around the $0.40 level, forming a strong support zone. This indicated a high probability of a rebound.
2. Resistance Zone Pinpointed:
The $0.58 region was marked as the immediate target based on historical price action and volume analysis.
3. Bullish Breakout Anticipated:
We observed price compression within the wedge, signaling an imminent breakout. Combined with rising volume, the conditions were perfect for a pump.
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What Happened Next?
In the second chart, our prediction materialized exactly as anticipated! The price surged from the support zone at $0.44 and broke out decisively, rallying by an impressive 32% to hit the resistance zone near $0.58. This was a textbook breakout scenario, delivering substantial gains for traders who followed the plan.
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Key Takeaways:
Patience Pays: Spotting consolidation patterns like wedges near critical levels can yield high-reward trades.
Technical Analysis Works: Support, resistance, and pattern recognition remain vital tools in identifying profitable opportunities.
Community Wins Together: Sharing accurate insights and sticking to the plan helps us all grow.
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Stay tuned for more powerful setups!
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