A friend asked me how to look at $ACT.

First, this is a Chinese market, with a lot of KOLs promoting it on the platform. I have never been very fond of Chinese markets.

Second, yesterday ACT was also going against the trend and not falling. However, according to today's market, ACT should have shown an upward trend, but it fell slightly instead and did not go against the trend.

Third, I judged that ACT wanted to make a false breakthrough, taking advantage of this wave of market crash to create the impression that ACT has a big dealer, and then sell it in line with the trend. I will not buy it in spot, I will wait for the market to calm down and start shorting it.