ACT/USDT Analysis: Is the Bullish Reversal Starting?
The chart for ACT (Act I : The AI Prophecy) shows a very interesting setup on the 1D timeframe. After a period of cooling down from its recent highs, we are seeing signs of stabilization
Key Technical Observations:
Price Action: Current price is $0.0266, showing a +6.83% recovery. It has successfully tested the support zone around $0.0238.
RSI (6): The RSI is currently at 50.65, moving up from the oversold/neutral territory. This indicates that buying momentum is starting to return.
Volume: We see a steady volume flow, suggesting that the selling pressure is exhausting and buyers are stepping in.
Moving Averages: The price is attempting to hold above the immediate support levels, aiming for a breakout towards the $0.030 resistance
⚡ Trade Setup (Potential Entry):
Entry Zone: $0.0255 - $0.0266
Target 1: $0.0304 (Immediate resistance)
Target 2: $0.0369 (Mid-term target)
Target 3: $0.0485 (Previous High)
Stop Loss: Below $0.0230 (To manage risk)
Note: This is a "Meme" category coin, which means volatility can be high. Always manage your risk and do your own research (DYOR)
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