Trading Signal $ACT /USDT Short Trade Opportunity 💯 🔥

Current Price: 0.0427

*Analysis: The price has recently hit a 24-hour high of 0.0439 and is now showing signs of a reversal. The last two candles are red, indicating strong selling pressure. The current price of 0.0427 is a significant drop from the recent peak. This momentum suggests a potential short-term downtrend.

Trade Setup:

* Entry Point: The current price of 0.0427 is a potential entry point for a short position.

* Stop-Loss (SL): Place a stop-loss above the recent 24-hour high. A logical level would be just above the 0.0439 resistance, for example, at 0.0440. This protects the trade if the price reverses and breaks out to the upside.

* Target Points (TP):

* TP1: The previous support level on the chart appears to be around 0.0418. This is a good first target.

* TP2: A more aggressive target could be the 24-hour low of 0.0414, which is a significant support level.

Summary:

* Trade Type: Short

* Entry: 0.0427

* Stop-Loss (SL): 0.0440

* Take-Profit 1 (TP1): 0.0418

* Take-Profit 2 (TP2): 0.0414

TP3 :0.0400