ACT Low-Level Rebound, Is a Turnaround Coming?
The deadlock between bulls and bears has been broken, key trends are about to emerge!
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Market Analysis:
ACT has recently formed a low-level fluctuation after a decline, with signs of a rebound emerging, and market trading sentiment is gradually warming up. In the short term, bulls are attempting to gain strength, but the support below still needs to be consolidated; currently, we are in a phase of consolidation.
Support and Resistance Levels:
• Support Level: 0.2700, 0.2550, 0.2400
• Resistance Level: 0.2950, 0.3100, 0.3300
Short-Term Trading Strategy:
Long Position:
• Entry Point: 0.2800
• Add Position Point: 0.2650
• Stop Loss Point: 0.2380
• Take Profit Targets: First Target 0.2950; Second Target 0.3100; Third Target 0.3300
Short Position:
• Entry Point: 0.2950
• Add Position Point: 0.3100
• Stop Loss Point: 0.3330
• Take Profit Targets: First Target 0.2700; Second Target 0.2550; Third Target 0.2400
My Prediction:
The current trend of ACT is mainly a rebound, and it is expected that the price will test the resistance level of 0.2950, with strong upward momentum; it is recommended to focus on going long.
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