ACT is battling a broken higher low, now perched near the 1.70 resistance that could flip into support. Momentum is waning as sellers eye the next drop.
🔴 $ACT SHORT 📉
Entry $0.008536-$0.008554 | SL $0.008801 (-3.0%) | TP1 $0.008417 (+1.5%) | TP2 $0.008118 (+5.0%) | R/R 1:1.7 | Conf 65%
The market structure broke on a clear CHoCH, and the CVD turned negative confirming the shift. A fair value gap lines up right under the recent order block, creating a POI where OB and FVG overlap. With that confluence, the short bias feels solid.
A 3.0% stop is relatively tight on this swing, so keep leverage modest—around 3‑5x.
Take half profit once price reaches the first target around 1.55.
Not financial advice — always manage your own risk 🙏
$ACT #ACTUSDT #THORChain #TradingSignals #Write2Earn
🔴 $ACT SHORT 📉
Entry $0.008536-$0.008554 | SL $0.008801 (-3.0%) | TP1 $0.008417 (+1.5%) | TP2 $0.008118 (+5.0%) | R/R 1:1.7 | Conf 65%
The market structure broke on a clear CHoCH, and the CVD turned negative confirming the shift. A fair value gap lines up right under the recent order block, creating a POI where OB and FVG overlap. With that confluence, the short bias feels solid.
A 3.0% stop is relatively tight on this swing, so keep leverage modest—around 3‑5x.
Take half profit once price reaches the first target around 1.55.
Not financial advice — always manage your own risk 🙏
$ACT #ACTUSDT #THORChain #TradingSignals #Write2Earn