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Chart Request: #ACT
$ACT is showing a clear rounding top on the 4H, which is a classic distribution structure. $ACT has rolled over from the curved top, lost momentum, and is now trading below the EMA(9) with the SMA(50) above acting as dynamic resistance, confirming bearish control rather than just a pullback.
As long as $ACT stays below ~0.032, downside pressure remains dominant, with likely continuation toward 0.025 - 0.022 (prior base). The bearish view only weakens if $ACT reclaims and holds above the neckline with volume, otherwise rallies are expected to be corrective bounces, not trend reversals.