Trading Plan: Short $ACT 📉
$ACT faced a sharp rejection near $0.01084, leaving behind a strong rejection wick that suggests sellers are defending higher prices.
📍 Entry: $0.00906 – $0.00926
🛑 Stop Loss: $0.01095
🎯 Targets:
• TP1: $0.00840
• TP2: $0.00760
• TP3: $0.00680
The rejection from resistance has weakened the short-term bullish structure, with sellers regaining control after the failed breakout attempt. As long as price remains below $0.01095, the bearish outlook remains intact. A decisive break above that level would invalidate the short setup and favor renewed upside momentum.
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$ACT faced a sharp rejection near $0.01084, leaving behind a strong rejection wick that suggests sellers are defending higher prices.
📍 Entry: $0.00906 – $0.00926
🛑 Stop Loss: $0.01095
🎯 Targets:
• TP1: $0.00840
• TP2: $0.00760
• TP3: $0.00680
The rejection from resistance has weakened the short-term bullish structure, with sellers regaining control after the failed breakout attempt. As long as price remains below $0.01095, the bearish outlook remains intact. A decisive break above that level would invalidate the short setup and favor renewed upside momentum.
#Rmj #ChinaBlacklists40MoreJapanEntities
#PBOCSetsOvernightLiquidityRateBelowForecasts