ACT High-level Fluctuation, Ready to Challenge New Highs?
Market Analysis
The current price of ACT is $0.5831, with a daily high of $0.6505 and a low of $0.5463. Recently, ACT has shown a high-level fluctuation trend, with clear alternating forces between bulls and bears. In the short term, the volatility has increased, and market sentiment has become cautious.
Support and Resistance Levels
Support Levels:
**$0.5700:** Short-term support area, may provide rebound momentum during pullbacks.
**$0.5400:** Key defensive level, breaking below may trigger further downside risks.
**$0.5000:** Psychological support area, if it continues to fall, it may test this position.
Resistance Levels:
**$0.6200:** Short-term resistance range, breaking through will further open up upward space.
**$0.6500:** Recent high point, breaking through may form a new round of upward trend.
**$0.7000:** Psychological level, strong bulls may challenge this target.
Short-term Contract Strategy
Long Strategy:
Entry Point: $0.5700 (if the price pulls back to the support level, consider going long).
Add Position Point: $0.5400 (if the price further dips into this area, you can add to your position).
Stop Loss Point: $0.5000.
Take Profit Point: $0.6200 (first target), $0.6500 (second target).
Short Strategy:
Entry Point: $0.6200 (if the price tests resistance and fails to break, consider going short).
Add Position Point: $0.6500 (if the price breaks through but does not stabilize, you can add to your short position).
Stop Loss Point: $0.7000.
Take Profit Point: $0.5700 (first target), $0.5400 (second target).
If ACT can break through the $0.6200 resistance level, it is expected to challenge the psychological levels of $0.6500 or even $0.7000, continuing the recent upward trend. If it fails to break through, it may continue to fluctuate and adjust in the range of $0.5700 to $0.5400. Investors need to closely monitor changes in trading volume and performance at key levels, adjusting strategies flexibly.
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