📉 ACT/USDT – 1H Technical Analysis & Trade Setup

🎯 Primary Trade Setup (Trend-Following)

Bias: Bearish

Strategy: Sell the rally

Sell Zone: 0.0328 – 0.0335

Stop-Loss: 0.0352

Targets:

🎯 TP1: 0.0312

🎯 TP2: 0.0300

🎯 TP3: 0.0288 (extension)

This setup aligns with the prevailing downtrend and resistance near the moving averages.

📊 Technical Breakdown (1H Timeframe)

Market Structure: Lower highs & lower lows → confirmed downtrend

Moving Averages: Price trading below MA(5), MA(10), and MA(50)

MA50 (~0.035) acting as strong dynamic resistance

RSI: ~35

Near oversold, but no confirmed bullish divergence yet

Volume: Declining

Indicates weak buying interest and absence of accumulation

🔑 Key Levels to Watch

Support: 0.0312 → 0.0300

Resistance: 0.0330 → 0.0350

A breakdown below 0.0310 may accelerate downside momentum, while any bounce toward resistance is likely corrective unless volume expands.

🧠 Market Insight

Current price action suggests distribution followed by markdown. Until ACT reclaims and holds above 0.035 with volume, rallies are more likely to be sold than sustained.

$ACT

#DYOR because mene coins have always great volatility so be cautious.