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$ACT /USDT ALERT: Testing Critical Support at $0.1853 – Will the Slide Continue? 🚨
$ACT /USDT is trading at $0.1853, down 15.43%, and is nearing its 24-hour low of $0.1836. The MACD indicates strong bearish momentum, and further downside pressure could follow if buyers fail to step in.
Key Levels to Watch:
Resistance: $0.1920 – A breakout could target $0.1982 and $0.2050.
Support: $0.1836 – A failure here may lead to $0.1800 and $0.1750.
Trade Ideas:
Long Entry: Above $0.1900, aiming for $0.1920 and $0.1982.
Short Entry: Below $0.1836, targeting $0.1800 and $0.1750.
Risk Management:
Stop-loss: $0.1870 for both setups.
Market Insight:
With the price trading near oversold levels, a relief bounce is possible. However, the overall bearish momentum suggests caution for long positions unless key resistance levels are breached.
#ACTAnalysis