$ACT This chart shows the bears are now simply handing money to predatory market makers.
Look at the data: 288 shorts are beating down 168 longs, but the shorts’ average entry price is 0.0105, and the current price has already climbed to 0.0117. These traders are sitting on losses of over 170,000 U! The longs’ average entry price is only 0.0097, so they’re comfortably raking in big profits.
Look at the chart: The daily candle has surged on massive volume, forming a huge bullish candle that has broken straight through the EMA144. The MACD has made a bullish crossover and is heading up—the momentum is extremely strong. But note that the daily RSI is already at 76, meaning it’s severely overbought in the short term.
What to do in practice:
Chasing longs now could easily mean buying at the short-term peak. Shorting would mean going against a huge bullish candle and acting as fuel for predatory market makers—you could get liquidated at any moment.
The safest strategy: wait for a pullback, then go long!
Once this wave of excitement cools off, if the price pulls back to 0.0100 - 0.0102 (the previous breakout level plus moving-average support), jump in and go long. Set your stop at 0.0095. Aim for the previous high at 0.013. If it breaks through, it could liquidate all the shorts above! $ACT
Look at the data: 288 shorts are beating down 168 longs, but the shorts’ average entry price is 0.0105, and the current price has already climbed to 0.0117. These traders are sitting on losses of over 170,000 U! The longs’ average entry price is only 0.0097, so they’re comfortably raking in big profits.
Look at the chart: The daily candle has surged on massive volume, forming a huge bullish candle that has broken straight through the EMA144. The MACD has made a bullish crossover and is heading up—the momentum is extremely strong. But note that the daily RSI is already at 76, meaning it’s severely overbought in the short term.
What to do in practice:
Chasing longs now could easily mean buying at the short-term peak. Shorting would mean going against a huge bullish candle and acting as fuel for predatory market makers—you could get liquidated at any moment.
The safest strategy: wait for a pullback, then go long!
Once this wave of excitement cools off, if the price pulls back to 0.0100 - 0.0102 (the previous breakout level plus moving-average support), jump in and go long. Set your stop at 0.0095. Aim for the previous high at 0.013. If it breaks through, it could liquidate all the shorts above! $ACT
