๐ $ACT /USDT โ REJECTION FROM MA ZONE, BEARS BACK IN CONTROL ๐
$ACT recently faced a strong rejection at $0.0536, precisely near the 99 MA ($0.0529) on the 4H chart โ a key resistance. Price has since dropped to $0.0489, now sitting under all major moving averages (MA7, MA25, MA99), signaling bearish momentum. Volume remains moderate, and the price broke below the 25 MA, weakening short-term bullish hopes.
๐ฎ Future Outlook:
If $ACT fails to hold above the $0.0485 zone, we may see a retest of the support near $0.0454. Bears dominate unless bulls reclaim the $0.0512โ$0.0520 range with volume confirmation.
๐ Trading Signals (Short Bias)
โข Entry (Short): $0.0495 โ $0.0502
โข Take Profit 1: $0.0476
โข Take Profit 2: $0.0455
โข Take Profit 3: $0.0432
โข Stop Loss: $0.0518
Wait for a clear breakdown below $0.0487 for confirmation. Any bounce toward $0.0512 without volume should be viewed as a shorting opportunity.
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