$ACT has printed a sharp impulsive move and is now facing strong rejection near its local supply zone. The momentum spike looks exhausted, with price failing to hold higher levels and sellers stepping in aggressively.
This structure favors a corrective pullback as liquidity cools off after the quick rally. As long as price stays below resistance, downside continuation remains the higher-probability move.
Trade Setup
Entry Range: 0.0268 – 0.0276
Target 1: 0.0259
Target 2: 0.0254
Target 3: 0.0249
Stop Loss: 0.0283
