$ACT /USDT – Bearish Retracement in Progress!

Momentum Analysis: ACT/USDT has experienced a significant drop of 11.81%, with current price action hovering at $0.2159. A bearish retracement from a recent high of $0.2526 is in progress, with a current support zone near $0.2143. The recent volume indicates lower buying interest, and the price has started stabilizing, but caution is advised due to the overall market sentiment.

Short Setup:

Entry Zone: $0.2159 (current market price)

Targets:

T1: $0.2120

T2: $0.2100

T3: $0.2050

Stop Loss: $0.2250

Breakout Confirmation Level & Key Support:

Breakout Confirmation Level: $0.2250 (resistance)

Key Support: $0.2143 (recent low)

Pro Tip for Traders: Given the volatile movement and recent drop, keep an eye on the 15m to 1h charts for potential signs of a reversal or consolidation. A break above $0.2250 may signal a potential short-term recovery.

Relevant Hashtags: #ACTUSDT #CryptoTrading #BearishRetracement #AltcoinMarket #Binance