$ACT Bulls Charging Hard – But Catch a Breath First? 🐂
$ACT is seeing a significant bullish surge with an 18.7% pump. However, there are hints of consolidation, suggesting a potential pause before further upward movement. The price is currently testing its ability to hold recent gains.
*Volume's Screaming "Buyers Rule":* The 24-hour volume of 2.58 billion is incredibly strong, fueling the current surge. This indicates substantial institutional interest and buying pressure. Candlestick patterns also confirm heavy buying volume on upward moves, suggesting conviction from buyers.
*Flows: Money's Flooding In Steady:* Both spot and futures markets are showing impressive inflows. Over the last 24 hours, there's been a +4.25 million inflow, and over the past week, a staggering +15.66 million. Shorter timeframes (4H-12H) show even more significant accumulation, with over 2.4 million inflows.
*Price Groove $ACT :* The 24-hour price action saw a wide swing from 0.03633 to 0.04848. Currently trading around 0.04401, the price is testing the 76.4% Fibonacci retracement level. A resistance test is approaching, and the current setup suggests potential for further upside if this level is held.
*My Call $ACT : Cautious Long – Consolidation Dip = Your Window* 🧘
The bias remains bullish, but expect some volatility before the next leg up. For aggressive traders, consider an Entry around 0.0435-0.0445 with a tight SL. A more conservative approach is to wait for a pullback to the 0.038-0.0395 range, which aligns with the MA5, for a lower-risk entry.
SL: 0.042 for the aggressive entry, or 0.0365 for the conservative entry.
Targets: Aim for the primary target at 0.0485. If momentum continues, the next target is 0.0534. Remember to scale out profits strategically.
*Heads Up:* The RSI is showing divergence, and the price is nearing the upper Bollinger Band. This could lead to increased volatility. Failure to break higher might result in a retracement.
Are you loading $ACT's rocket or waiting for the reset? 🚀
#ACT #ACTUSDT
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