$ACT looks overextended after a sharp vertical pump and is now struggling to hold above the intraday resistance zone.
The strong rejection from the highs followed by choppy price action signals profit-taking and weakening bullish momentum.
This move appears corrective after an aggressive rally, and as long as price remains below resistance, downside continuation is favored.
Trade Setup
Entry: 0.0390 – 0.0405
Target 1: 0.0375
Target 2: 0.0350
Target 3: 0.0330
Stop Loss: 0.0433
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