🚨 $ACT /USDT Chart Analysis (2H) 🚨
📊 Key Levels Identified: #ACT
1️⃣ Major Support Level to Hold: $0.41657
Critical support; price rejection here may lead to a bullish reversal. A breach signals potential downside.
2️⃣ Retest Levels:
$0.52168 and $0.49047
Immediate supports; potential areas for pullback or bounce.
3️⃣ Breakout Level:
$0.59885
A confirmed breakout above this with strong volume may trigger bullish momentum.
4️⃣ Bullish Breakout Levels:
$0.66661: First key target for upside momentum.
$0.78178: Major resistance, signaling a significant reversal if breached.
📈 Triangle Pattern Formation:
The chart shows a triangle pattern, indicating consolidation. Watch for a breakout to determine the next direction.
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🔑 Potential Scenarios:
✅ Bullish:
Entry: Above $0.59885
Targets: $0.66661, $0.78178
Stop-loss: Below $0.52168
❌ Bearish:
Entry: Below $0.49047
Target: $0.41657
Stop-loss: Above $0.52168
💡 Recommendation:
Wait for confirmation at key levels. Monitor volume and price action for stronger signals.
Trade wisely! 📉📈