$ACT Bearish Flag – Breakdown Watch!
#ACT is forming a bearish flag on the 12Hr chart after a steep drop in early April.
Here’s what stands out ✨️
Sharp impulsive move down, followed by a slanted consolidation zone
Price is now approaching the top of the flag near $0.09
If it fails to break above, the pattern suggests a potential continuation move to the downside
Key levels to monitor 👀
Resistance: $0.089–$0.093
Breakdown support: ~$0.072
Confirmation zone: If price breaks below flag support, it could revisit April lows near $0.045–$0.05
Pattern still developing, but caution is advised if you’re bullish here.