[$ACT /USDT] Signal Alert
Current Price: $0.334
24-Hour Change: -20.04%
24H High/Low: $0.4187 / $0.3224
Market Analysis:
$ACT /USDT is in a strong downtrend with continuous lower lows, as seen on the 4-hour chart. The price is attempting to stabilize near $0.334, with RSI (6) at 5.5, indicating oversold conditions and a potential short-term reversal or consolidation.
Key Levels:
Resistance: $0.365, $0.385, $0.418
Support: $0.322, $0.306
Trading Strategy:
Entry (Long): $0.335 (After confirmation of bullish candlestick pattern)
Take-Profit Targets:
1. $0.365
2. $0.385
3. $0.415
Stop Loss: $0.310
Caution: Monitor the $0.322 support for stability. Breakout traders should wait for a solid close above $0.365 for stronger confirmation of trend reversal. Stay updated on market sentiment and volume spikes.
