$ACT looking bearish right now, no doubt about it. Overall, I'm leaning cautious short here, but keep an eye out for a potential bounce if it gets too oversold.
Looking at the volume, those recent 4-hour candles have been showing some serious action on the downside—big volumes kicking in during drops, like in the last few klines. It feels like sellers are piling on, but that high 24-hour volume at around 1.038B is just fueling the whole bearish vibe.
On the capital flow side, things aren't looking great either. Futures contracts have seen a massive net outflow over the past day (-2.046M USDT), and it's even worse over three days (-8.201M). Spot markets are bleeding too, with -1.064M USDT in the last 24 hours. Sure, there's a bit of short-term inflow here and there, like 460K USDT in the last hour on contracts, but it's not enough to flip the script—selling pressure's dominating.
For entries:
If you're thinking short
$ACT , wait for a retrace up to around Resistance level at 0.03186, and look for a solid rejection like a pin bar or engulfing candle to confirm.
On the flip side, if you wanna scalp long
$ACT , only jump in if it holds above Support level at 0.02778 with something bullish like a hammer and volume picking up. But honestly, that's against the trend and risky as hell.
Stop-loss:
For shorts I'd set 0.0329 if you get in near 0.03186. For longs: set 0.02690 from around 0.02800.
Targets:
Shorts could aim for Support level at 0.02627
Longs: maybe aim fot Resistance level at 0.03186 but treat it as a scalp and get out fast.
#ACT #ACTUSDT #ActITheAIProphecy