$ACT – Sharp Rejection From Supply Zone Sparks Pullback
ACT recently tagged a major supply zone around $0.0640 and faced an immediate strong rejection, sliding back to the $0.0598 region. Bulls took profit, and bears stepped in with precision.
Market Snapshot:
Current Price: $0.0598 (-2.29%)
Supply Zone: $0.0630–$0.0655
Demand Zone: $0.0570
Trend: Short-term correction after parabolic rise
What’s Developing:
Price rejected from premium supply
Bearish candles indicate fading momentum
Possible bounce from $0.0585–$0.0570 demand zone
Trade Strategy:
Buyers: Watch for bullish signals near demand zone
Sellers: Look for retest of $0.0615–$0.0620 for short setups
Use tight SLs and wait for confirmation candles
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