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The ACT coin was truly magnificent last year; who would have thought that it would plunge all the way down from its peak, now experiencing a 50% Slump of over 500 times? Just looking at this fall is painful. However, it makes one ponder—has it fallen too much?
I’ve been watching the K-line for several days and found that it has formed a descending wedge. If this thing breaks upwards, based on technical analysis, a rebound of 3 to 5 times is not a dream. Recently, the altcoin sector has shown some signs of restlessness, and ACT's trading volume has started to pick up, with contract positions rising sharply — but the coin price? It just won’t budge. This divergence is quite unusual.
I have placed some long orders around 0.02 myself. I don't expect to capture the entire wave, but the odds at this position are indeed favorable. Of course, altcoins are highly volatile, so everyone should act according to their capabilities.
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I also saw the descending wedge breakdown, just worried it might be another fake breakout
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Setting up long positions? Why not short? You can never be too careful with altcoins
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The volume-price divergence looks pretty weird, but it could just be whales accumulating. Gotta find joy in the struggle
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Whether 0.02 can break even still depends on the overall market; odds alone aren’t enough
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Dreaming of 3 to 5x again? Wake up, everyone. ACT really can’t return to its previous highs this cycle
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Open interest is rising but the price isn’t moving? Let me tell you, that’s retail buying the top
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Wait and see a bit longer, there’s still room for this to drop further. Don’t rush to catch the bottom
But seriously, this kind of divergence is indeed strange, we need to see if it can really break the position.
ACT really has something going on this time, the obvious divergence between volume and price is quite strange.
Damn, are we going to get played for suckers again?
I've seen this kind of volume-price divergence many times, it's probably just a trick.
0.02 buy the dip is fine, but I really don't dare to hold a Heavy Position in this altcoin.
Is the falling wedge breaking out? Let's talk when it really moves, right now it's all just expectations.
When the contract holdings soar but the coin price doesn't move, isn't that just the market maker accumulating? It's an old trick.
No matter how big the Rebound space is, it can't withstand the power of a 50% Slump.
To be honest, this position looks more like a trap.
Is the volume really increasing or just wash trading?
3 to 5 times seems a bit optimistic, right?
You can bury long orders, but don't go all in on this.