After a sharp impulsive pump, $ACT price failed to sustain higher levels and started forming a distribution structure. The rejection from the upper zone clearly shows buyer exhaustion, and price is now breaking down from the consolidation range, signaling a corrective move to the downside......

Bias remains bearish after rejection from the top range. As long as price stays below the resistance zone, further downside continuation toward lower supports is expected.

Entry Point: 0.0365 – 0.0375

Stop Loss: 0.0430

Take Profit:

TP1: 0.0335

TP2: 0.0305

TP3: 0.0280