$ACT Trading Signal - Potential Reversal Ahead? 🚀
Trend: Downtrend nearing a key support zone
📉 Market Overview:
$ACT has been in a sharp downtrend, approaching a strong demand zone near $0.1700 - $0.1750. Historically, this level has triggered bullish reversals, making it a crucial area to watch.
📊 Key Levels to Watch:
🔹 Support: $0.1700 - $0.1750
🔹 Resistance: $0.2100 / $0.2400
💡 Trading Strategy:
If price holds the demand zone, we may see a bullish bounce towards $0.2100 and potentially $0.2400 in an uptrend recovery. A confirmed breakout above $0.2100 would strengthen bullish momentum.
🔻 Risk Alert:
Failure to hold $0.1700 could trigger further downside towards lower liquidity zones.
📈 Trade Setup:
✅ Entry: $0.1750 - $0.1800
🎯 Target 1: $0.2100
🎯 Target 2: $0.2400
🛑 Stop Loss: Below $0.1650
🔥 Market Sentiment: Buyers need to step in at this critical level to shift momentum. Watch for bullish confirmation before entering!