$ACT Let me analyze the technical aspects of ACT/USDT based on the provided charts.

Price Action Analysis:

The price of ACT is currently in a clear downtrend, trading around 0.3042 USDT. Looking at the longer timeframe, there has been significant bearish momentum since November 2024 when the price was around 0.8000 USDT.

Key Support and Resistance Levels:

Support levels:

- Current immediate support: 0.3000 USDT

- Major psychological support: 0.2908 USDT (recent low)

Resistance levels:

- Immediate resistance: 0.3200 USDT

- Key resistance: 0.3500 USDT

- Major resistance: 0.4000 USDT

Technical Indicators:

- The MACD shows bearish momentum with the histogram below zero

- RSI is hovering around 40, indicating bearish sentiment but not yet oversold

- Volume has been declining, suggesting decreasing selling pressure

Money Flow Analysis:

- Large inflows are negative (-76.83M over 5 days)

- The order book shows more selling pressure than buying

- Margin Long-short Positions Ratio has been declining

- Isolated Margin Borrow Amount Ratio shows a recent spike

Trading Scenarios:

1. Bearish Scenario (Higher Probability):

- Price continues downtrend below 0.3000 support

- Target: 0.2900 - 0.2800

- Stop loss: Above 0.3200

- Trigger: Break below 0.3000 with increased volume

2. Bullish Scenario (Lower Probability):

- Price bounces from 0.3000 support

- Target: 0.3200 - 0.3500

- Stop loss: Below 0.2900

- Trigger: Strong bounce from support with increased buying volume

Risk Management:

Given the strong downtrend and negative money flow, traders should:

- Use tight stop losses

- Consider smaller position sizes

- Wait for clear reversal signals before taking long positions

- Watch for potential dead cat bounces

The overall technical outlook remains bearish in the short to medium term, with potential for further downside unless there's a significant change in market structure or fundamentals. The key level to watch is the 0.3000 support - a break below could accelerate the downward movement.