$ACT tirding signal 🚨
1. Current Price: The price is at 0.7669, with a 24-hour high of 0.9500 and a low of 0.5466.
2. Moving Averages: The price is below the 25-period (0.8047) and 7-period (0.7721) moving averages, indicating a short-term bearish trend, while still above the 99-period MA (0.7141), suggesting a longer-term support.
3. Resistance Level: Major resistance is at 0.8500. A break above this could signal a bullish continuation.
4. Support Level: Strong support around 0.7365, aligning with recent lows.
5. Long Entry: Consider entering a long trade if the price breaks above 0.8100, aiming for 0.8500.
6. Short Entry: Consider a short trade if the price breaks below 0.7365, targeting 0.7000.
7. Stop Loss for Long: Set a stop loss at 0.7500 to manage risk.
8. Stop Loss for Short: Place a stop loss at 0.7800 for short positions.
9. Volume: Increasing volume supports potential volatility; watch for confirmation on breakout or breakdown.
10. Conclusion: Wait for confirmation of breakout or breakdown levels before entering trades to minimize risk.
This analysis provides potential trade entries and stop loss levels based on current technical indicators.
