Everyone thinks $ACT ‌ is dead but look at what's happening on the 1D chart right now.


We have been sliding down for months, basically since that 0.023 level, but price is starting to flatten out near 0.0123. It’s like the sellers are finally running out of steam. Today we are up about 4% which isn't huge, but it's a sign of life.
The volume is still pretty low at under 1M USDT, so this isn't a massive breakout yet. It’s more like a quiet accumulation zone. If it can actually hold this 0.013 area and push past 0.0143, we might finally see a decent relief rally.
The order book is looking heavy on the sell side though, with 65% on the ask. That tells me there’s still a lot of overhead resistance to clear before this thing can really fly. I'm just watching for now to see if this support holds or if it’s just a tiny bounce before one last drop.
Are you guys brave enough to buy this dip or is it too risky?

#GlobalOilPricesSurgePast$100
ACT2,51%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin