ACT/USDT (Sell Position)

1. Entry:

Enter the sell position at the current market price for ACT/USDT: 0.87469 USDT.

2. Stop Loss (SL):

Place the stop loss above a recent resistance level to minimize potential losses.

Suggested SL: 0.95500 USDT (above the recent high of 0.95340 USDT to accommodate market volatility).

3. Take Profit (TP):

Set target levels near support zones where the price might retrace.

First TP level: 0.81585 USDT (near a recent support area).

Second TP level: 0.75000 USDT (a stronger support level if the downtrend continues).

4. Dollar Cost Averaging (DCA):

If the price moves upward and approaches 0.94000 USDT, consider adding a small position size to average your entry, but only if it fits your risk management strategy.

5. Risk Management:

Use an appropriate position size to manage risk effectively. A general recommendation is to risk no more than 1-2% of your total trading capital on this trade.

Ensure a favorable risk-to-reward ratio, ideally at least 1:2.

Summary:

Coin Pair: ACT/USDT

Sell Entry: 0.87469 USDT

Stop Loss: 0.95500 USDT

Take Profit 1: 0.81585 USDT

Take Profit 2: 0.75000 USDT