$ACT #actusdt chart analysis ..
🚀 Based on the ACTUSDT chart on Binance, here's a look at the trend and suggested trading levels:
📉 Trend Analysis:
💥 The price is in a sharp decline! 📉 with a -41.85% drop 🔴
🔥 The price is trading below all visible Moving Averages (MA7, MA99, MA200) 🐻
confirming a strong downtrend 👇
🎉The MACD indicator is giving a strong sell signal 🔴📉.
📢 The Relative Strength Index (RSI) indicates an oversold condition 🤯, but the overall trend remains bearish ⬇️.
🎯 Based on this, the current trend is bearish! 🐻
💰 Suggested Trading Levels (Short Position):
🚪 Entry Price: You can consider entering at the current price around 0.0572 💰.
🎯 Target 1: Potential support level at 0.0517 👇.
🎯 Target 2: Closer target at 0.0455 👇👇.
🎯 Target 3: Further target at 0.0420 👇👇👇.
🛑 Stop Loss: To protect your investment,
place it at 0.0604 🛡️
(above a clear resistance level).
⚠️ Important Notes:
⚖️ Risk Management First! Carefully determine your position size to protect your capital 🛡️.
📊 Technical Analysis is Not a Guarantee! These are just suggestions based on the current chart 🧐.
Markets are volatile 🌪️.
📰 Follow the News! Economic events can significantly impact prices 📈📉.
#BSCMemeCoins #Write2Earn