$ACT
🐋 $ACT hit with 3.3x sell volume spike, is this over or just starting?
- Given the strong volume spike and heavy bearish structure, I expect more downside for ACTUSDT unless there’s a strong absorption wick and quick recovery above 0.01253–0.01316.
- My preferred setup is a short entry on a rejection in the 0.01253–0.01316 zone, targeting 0.01192, then 0.01174 for partials, with the possibility of extension to 0.01070 if the selling persists.
- Example: If price bounces to 0.01253–0.01316, prints a bearish reversal on 15m or 5m (like a pin bar or bearish engulfing), that’s your short entry confirmation; take profits at 0.01192 and 0.01174. Place your stop-loss just above the swing high that forms during this pullback.
- If price instead sharply flushes below 0.01174 then quickly reclaims 0.01192 with a reversal candle, you may consider a scalp long back into the 0.01224–0.01253 zone, but only after a clear bullish reversal candle and sign of absorption.
- If price closes decisively above 0.01337, I would no longer look for shorts as that would likely signal a reversal attempt by buyers, and my bias would shift to awaiting long setups on pullbacks.
📝 This is not investment advice; it is an educational analysis report. Please trade with caution and always wait for confirmation before entering any position!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#ACT
🐋 $ACT hit with 3.3x sell volume spike, is this over or just starting?
- Given the strong volume spike and heavy bearish structure, I expect more downside for ACTUSDT unless there’s a strong absorption wick and quick recovery above 0.01253–0.01316.
- My preferred setup is a short entry on a rejection in the 0.01253–0.01316 zone, targeting 0.01192, then 0.01174 for partials, with the possibility of extension to 0.01070 if the selling persists.
- Example: If price bounces to 0.01253–0.01316, prints a bearish reversal on 15m or 5m (like a pin bar or bearish engulfing), that’s your short entry confirmation; take profits at 0.01192 and 0.01174. Place your stop-loss just above the swing high that forms during this pullback.
- If price instead sharply flushes below 0.01174 then quickly reclaims 0.01192 with a reversal candle, you may consider a scalp long back into the 0.01224–0.01253 zone, but only after a clear bullish reversal candle and sign of absorption.
- If price closes decisively above 0.01337, I would no longer look for shorts as that would likely signal a reversal attempt by buyers, and my bias would shift to awaiting long setups on pullbacks.
📝 This is not investment advice; it is an educational analysis report. Please trade with caution and always wait for confirmation before entering any position!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#ACT