$ACT is trading back into a supply zone where sellers may regain control.
Trading Plan – Short $ACT
Entry: 0.0125 – 0.0135
SL: 0.0145
TP1: 0.0120
TP2: 0.0110
TP3: 0.0100
The latest recovery has pushed price into a previous resistance area, where sellers have historically stepped in. Despite the bounce, the overall structure still suggests the move is corrective rather than the beginning of a sustained uptrend. Liquidity remains positioned below the recent swing lows, making them attractive downside targets.
A rejection from this supply zone could trigger the next bearish leg toward the listed take-profit levels. Manage risk carefully and wait for confirmation before entering.
DYOR (Do Your Own Research).
Trading Plan – Short $ACT
Entry: 0.0125 – 0.0135
SL: 0.0145
TP1: 0.0120
TP2: 0.0110
TP3: 0.0100
The latest recovery has pushed price into a previous resistance area, where sellers have historically stepped in. Despite the bounce, the overall structure still suggests the move is corrective rather than the beginning of a sustained uptrend. Liquidity remains positioned below the recent swing lows, making them attractive downside targets.
A rejection from this supply zone could trigger the next bearish leg toward the listed take-profit levels. Manage risk carefully and wait for confirmation before entering.
DYOR (Do Your Own Research).