Act Breakthrough! Short-term tactics and bold predictions will take you to ride the waves!
The current real-time price of Act is $0.4374. In the recent market's turbulent consolidation, the price has shown signs of recovery multiple times within this range, and market sentiment is gradually warming. As the volatility of the entire cryptocurrency market increases, the attention on the AI Prophecy project is also rising, which may usher in a new market hotspot. This is the best time for short-term trading.
Technical Analysis:
Support Level: $0.4200, Resistance Level: $0.4500, $0.4600
From a technical perspective, $0.4200 has formed a strong support level. If the price falls to this area, it can be expected to receive buying support again, with a high probability of rebound. If the price can break through $0.4500, Act may welcome a larger increase, challenging the resistance area of $0.4600.
The RSI indicator is around 55, indicating that the market is in a neutral state, with buying and selling forces relatively balanced, and no obvious overbought or oversold signals. The MACD indicator shows slight bullish momentum, and if the price breaks through the short-term resistance, it may accelerate upward.
Long Strategy:
Entry Price: $0.4370 (enter when rebounding near support) Take Profit Price: $0.4500 (take profit when breaking the upward resistance) Stop Loss Price: $0.4200 (stop loss when breaking the support level) Leverage Suggestion: 6x
Short Strategy:
Entry Price: $0.4500 (enter when encountering resistance and falling back) Take Profit Price: $0.4370 (take profit when falling to the support area) Stop Loss Price: $0.4600 (stop loss when breaking the upward pressure) Leverage Suggestion: 6x
Act is currently in a short-term consolidation range, but once it breaks through the important resistance of $0.4500, the price is expected to quickly rise to $0.4600 or even higher. If market sentiment continues to warm, coupled with the increasing market heat of the project, the price may break through the current range and usher in a new upward wave.
However, if the price fails to break through the upward pressure and falls back to the support level near $0.4200, it may maintain a pattern of turbulent consolidation in the short term. Investors should be cautious in grasping the timing of entry and exit, using contract leverage strategies for efficient operations. $ACT