$ACT 🔻 Bearish Setup Warning
Price structure on $ACT is showing clear weakness.
ACT
0.0273
-1.44%
The recent bounce lacks volume and looks more like a dead-cat reaction than a real reversal. Lower highs are still intact, and sellers continue to defend resistance zones aggressively. Open interest hasn’t expanded with price, suggesting no strong conviction from buyers.
Momentum indicators remain heavy, and unless volume steps in fast, downside pressure may resume. A slow grind down is more likely than a sudden recovery in this structure. For now, risk favors sellers, not dip buyers.
Stay patient. Let the chart confirm strength before trusting longs.
$ACT