$ACT Price made an aggressive upside move and immediately faced strong rejection from the highs, showing clear exhaustion and profit-taking. The long upper wick and failure to hold above resistance suggest sellers are stepping in, increasing the probability of a pullback or deeper correction from this zone.

Momentum is fading after the spike, and as long as price stays below the rejection zone, downside continuation remains favored. Expect volatility, but bias stays bearish unless resistance is reclaimed strongly.

Trade Setup (Short):

Entry Range: 0.0235 – 0.0242

Target 1: 0.0225

Target 2: 0.0215

Target 3: 0.0200

Stop Loss (SL): 0.0255