$ACT /USDT Short Opportunity š„šÆ
Current Setup
$ACT /USDT is showing signs of a reversal after hitting resistance near $0.4130. Momentum is shifting bearish on the 1-hour timeframe, indicating a potential short opportunity.
Trade Plan
ā¢ Entry Zone: $0.3675 - $0.3700
ā¢ Stop Loss (SL): $0.4140 (Above recent highs)
ā¢ Take Profit (TP):
ā¢ TP1: $0.3400 (First key support)
ā¢ TP2: $0.3200 (Extended target for deeper correction)
Risk Management
Allocate no more than 2-3% of your capital for this trade. Adjust position size based on your SL to ensure proper risk control.
Market Insight
Volume spikes and previous rejection at $0.4130 confirm strong resistance. Monitor closely for breakdowns below $0.3600 to confirm further downside.