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Technical analysis by MyCryptoParadise_Jack about Symbol ACT: Buy recommendation (12/7/2024)

https://sahmeto.com/message/3040377
MyCryptoParadise_Jack
MyCryptoParadise_Jack
Rank: 29727
1.1
Buy،Technical،MyCryptoParadise_Jack

Yello, Paradisers! Have you been watching #ACTUSDT closely? If not, now might be the perfect time to start. The pair has been showing incredible respect for its ascending trendline and is now perched on a crucial support zone that has been retested successfully. Let’s break down why this setup demands your attention💎#ACTUSDT has already tested the 0.618-0.66 Fibonacci retracement zone and successfully flipped the 0.5 retracement zone into support. This is a classic bullish signal that suggests momentum could continue upward.💎The pair is trading above the daily 12EMA, adding another layer of bullish confluence. This EMA often acts as a dynamic support, reinforcing the likelihood of an upward move.💎The first obstacle ACTUSDT faces in its upward journey is at 0.6440–0.6635. It could temporarily slow bullish momentum as sellers might step in. Watch for rejection or consolidation in this area before planning your next move.💎Should ACTUSDT clear the minor resistance zone, this will be the next significant level to monitor is 0.776–0.807. Strong buying volume will be needed to break through this area.💎Strong Resistance at 0.9015–0.930 ,This is a key level that could act as a major barrier. Overcoming this zone will require a robust market reaction, signaling the potential for even higher price targets.💎The ascending trendline and key support level at 0.4764 remain critical. If the price closes below this area, the bullish thesis is invalidated.💎ACTUSDT’s recent moves show strong adherence to technical levels, suggesting that buyers are in control—for now. However, the upcoming minor resistance zone will be a test of strength. A breakout above 0.6635 could open the door for much larger moves toward the next major resistance levels.Consistent profitability requires disciplined action, not emotional reaction. Whether the market pushes higher or tests support, stay focused, trade smart, and remember—successful trading is a marathon, not a sprint.MyCryptoParadiseiFeel the success🌴

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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$0.0024801
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