🔥
$ACT is Breaking Out, But Don’t Get Too Hasty! 🔥
Whoa,
$ACT just went off with a massive breakout, and it definitely caught a lot of people by surprise! Let’s break it down quickly. 👇
🚀 Volume Watch:
Huge spike to 2.07B in volume during the breakout candle—this isn't just retail hype; we're seeing big money move! The volume is still way above average, so this could have more room to run.
💰 Money Flow:
Contracts are seeing solid inflows:
+1.06M in 24 hours
+2.8M over 3 days
There's been a little profit-taking recently (-474k in the last 12 hours), but overall, the bulls are still in charge with +420k in the last 24 hours.
📊 What to Watch for
$ACT :
11.7% Pump: This pushed through resistance like it was nothing—momentum is real! 🔥
The latest 4h candle rejected the daily high (0.04767), leaving a pin bar—so expect a bit of cooling off soon.
With an ATR of 0.0051, things are volatile. No tight stops!
💡 My Plan for
$ACT :
I'm staying cautiously long but not chasing the highs. A pullback is where I want to enter.
Entry: 0.0400–0.0415 (around MA5, solid support)
Stop: 0.0385 (below key level)
Targets:
TP1: 0.0470
TP2: 0.0529 if the bulls keep pushing.
Bottom Line:
We're getting overbought signals, but the volume and inflows are still backing the bulls. A healthy pullback to MA5 would give a better risk/reward entry. Chasing now feels a bit risky.
🚀 Stay smart, stay safe!
#ACT #Crypto #ACTUSDT