I’m looking to short $ACT after its strong rally. Momentum is fading, and this looks like a classic distribution phase. Sellers are stepping in, and the bounce is likely temporary.

📉 Trade Setup — Short

Entry Zone: 0.04050 – 0.04250

Stop Loss: 0.04460

Targets:

TP1 0.03650

TP2 0.03400

TP3 0.03100

🔍 Why This Works

I’m short here because $ACT already ran +129% from 0.01875 → 0.04296, and it’s now showing exhaustion. Lower highs are forming, volume is dropping, and MA7 is compressing above price, signaling fading momentum. Buyers failed to hold above 0.04, opening the door for profit-taking.

This is a counter-trend setup, so patience is key. Data → Liquidity → Price.

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