Experienced traders looking at ACT don’t focus first on the size of the drop, but on whether selling pressure keeps hammering the market after a sharp decline.
Binance USDT-margined perpetual｜ACT is down 14.89% over the past 24 hours; weakness persists, and any recovery depends first on whether selling pressure eases. Current price is around 0.009845, with 24h trading volume of about 38.999 million; the 30m volume ratio is just 0.3x, indicating weak participation. Flows: 57% of accounts are long; taker buy/sell ratio is 0.85 (sellers dominate); 30m open interest is up 0.1%; funding rate is +0.0050%.
Reference indicators: 30m RSI at 20.69 is oversold, suggesting short-term panic is already quite intense; the 30m ATR trend-band reference level is 0.010607. The current price is below this level, indicating that the trend support level is coming under pressure.
The order book needs to give us two answers: can the taker buy/sell ratio of 0.85 climb back above 1, and can the 30m RSI at 20.7 return above 30? Only if both hold does it look like a recovery; if just one does, the market remains weak and choppy.
#ACT #Abnormal-Movement-Alert
Binance USDT-margined perpetual｜ACT is down 14.89% over the past 24 hours; weakness persists, and any recovery depends first on whether selling pressure eases. Current price is around 0.009845, with 24h trading volume of about 38.999 million; the 30m volume ratio is just 0.3x, indicating weak participation. Flows: 57% of accounts are long; taker buy/sell ratio is 0.85 (sellers dominate); 30m open interest is up 0.1%; funding rate is +0.0050%.
Reference indicators: 30m RSI at 20.69 is oversold, suggesting short-term panic is already quite intense; the 30m ATR trend-band reference level is 0.010607. The current price is below this level, indicating that the trend support level is coming under pressure.
The order book needs to give us two answers: can the taker buy/sell ratio of 0.85 climb back above 1, and can the 30m RSI at 20.7 return above 30? Only if both hold does it look like a recovery; if just one does, the market remains weak and choppy.
#ACT #Abnormal-Movement-Alert