This ACT really ACTED strange! it plunged my asset
BullishBanter
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Medvedji
$ACT is still under pressure The trend is still downward. After the strong move up, price is now correcting hard and bears are in full control at the moment. Selling candles are strong, which means the market is not ready to reverse yet.
This looks like more correction first. A bounce will come later, but only after price reaches a strong support zone and selling gets weak. Right now, this is not a buy area.
Market view: Direction: Bearish for now Trend: Downtrend continues
Best approach is to wait patiently. Once price stabilizes at support and selling slows down, then a healthy bounce can happen. Do not rush entries, let the market settle first.
$ACT {future}(ACTUSDT)
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