🐂
$ACT pretty clear downtrend lately, but looking oversold as hell. I'm eyeing a cautious long here as a counter-trend move
Volume's been picking up on those 4h candles, averaging around 300M compared to the usual 100M during the drop. Feels like some serious capitulation going on, and that big spike might mean sellers are finally tiring out.
On capital flows, there's been heavy net outflows over the last 24h at -3,125,145.66 USDT, which screams institutional selling to me. But check this – the recent 1h showed a +249,282.78 inflow, so maybe some bottom hunters are starting to nibble.
Entry long
$ACT : I'd go in immediately at 0.03261 with about 30% of my position, then add the rest at 0.02907 (S1 support)
If you're more conservative, hold off until the 4h closes above the MA5 around 0.032948.
Stop loss wise, set it 4.5% below entry – like 0.03115 for the main one.
Targets
$ACT : Aiming for 0.03659 at Resistance, or push to 0.03820 near the MA20
Why? The trend's still bearish overall, but with RSI under 20, price hugging the lower Bollinger Band, and KDJ at extremes, this setup screams bounce potential – doesn't happen often without a rebound. Just keep position sizes smart since the market's shaky. Anyone seeing the same?
#ACT #ACTUSDT #ActITheAIProphecy