🔥$ACT consolidating with a clear bearish bias right now—watch this setup closely! 📉
Rallied 64% from the 0.020 lows with solid volume (2.2-4.1B) showing institutional buying, but now hitting resistance hard at 0.035-0.041. That recent rejection at 0.04105 formed a nasty bearish pin bar on daily + upper Bollinger rejection. RSI looking overbought too.
Capital flow divergence: short-term contract inflows (bullish positioning) but big 24h contract outflows (-3.16M) + spot outflows (-1.32M) screaming profit-taking.
My take: Cautious short $ACT – high-probability setup.