$ACT Someone bought the dip at 0.0095 this morning and is now laughing out loud, I chased high at 0.0117 and got trapped into a sculpture.

An 18% increase was driven by a trading volume of 19.2 million, but it softened when it hit 0.0119—was it a shakeout or a dump?
People bullish say: 1. Over 24 hours, from 0.0089 to 0.0119, the bulls clearly control the market, below 0.01 is a solid bottom; 2. Trading volume expanded to 19.2M, liquidity is warming up, short-term funds are still pouring in; 3. This wave didn’t break the previous low of 0.008, the technical double bottom pattern is forming, next target is 0.015.
The bearish reasons are even harsher: 1. Volume increased at 0.0119 but price stagnated, indicating the main force is distributing on the upper shadow, chasing high only traps buyers; 2. 24-hour gain of 18% but no breakthrough of the 0.012 key level, a false breakout signal is obvious; 3. The altcoin season hasn’t arrived, ACT and similar old coins get dumped with one spike, lacking sustainability, below 0.009 is the true bottom.
Trading advice: If you want to gamble, enter a small position at 0.0107 with a stop loss at 0.0098 and take profit at 0.0122. Don’t expect to catch the full move—this kind of volatility can wipe out three points in a second. Keep your position within 2% of your total funds, save some bullets for a dip below 0.0095 to add more.
If in the next hour, volume shrinks and it dips back to 0.0102, it’s likely a shakeout; if volume surges and breaks below 0.0099, just run without hesitation.
I’m that coward who shouted for brothers to buy at 0.0117 but only bought 200 USD myself. Next time, I’ll buy first and then call you. The position I bought is the real bottom. If it can rise, deduct 1; if it collapses, deduct 2.