📉 👀ACT Crashes 29.53% to $0.05731 – Buying Opportunity🤔👀? 🚨
ACT price at $0.05731, down 29.53% with 48.92% volatility in 24H! Support $0.05489, resistance $0.06338. RSI oversold, MACD short-term bullish. 💡 Scalp $0.05600–$0.06338, stop loss $0.05489. Bounce or more downside? What’s your take? 📊
#ACT @BoldCompass 📌Insights for Traders
🧭Short-Term (Scalping/Day Trading):
Entry Point: Buy on a dip to $0.05600–$0.05500 if the price holds above $0.05489 (confirm with volume and RSI rising above 30).
🧭Target Profit: Sell at resistance $0.05874–$0.06338.Stop Loss: $0.05489 to limit risk.
Strategy: Use small timeframes (15M/1H) for scalping, capitalizing on a potential bounce from oversold conditions.
🧭Medium-Term (Swing Trading):Wait for a confirmed breakout above $0.06338 (EMA(25)) with high volume for a long position, targeting $0.07905–$0.08495.If the price breaks below $0.05489, watch for a deeper correction to $0.05212 or $0.05000.Monitor project-specific news, such as Achain network updates or new adoption, for additional catalysts.
Be cautious of further downside, especially with the medium- and long-term bearish trend.
Will ACT rebound to $0.07905, or are we headed for a deeper drop to $0.05000? Share your thoughts below! 👇
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#BoldCompass DisclaimerThis analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risks, and prices can be highly volatile. Always conduct your own research and consider your risk tolerance before making any trading decisions.