Big Move Alert! $ACT Short Liquidation Spotted.

just saw $4.0417K in short positions liquidated at a key price of $0.3728.

What Does This Mean.

Short liquidations occur when traders betting against the price (short sellers) are forced to close their positions due to rising prices. This often triggers a chain reaction, leading to increased volatility and potential upward momentum.

Technical Overview:

Liquidation Price: $0.36763

Potential Support Level: $0.36

Immediate Resistance: $0.375

Breakout Zone: Above $0.38

What's Next.

If buying pressure continues, $ACT could rally past $0.38 and test the $0.40 psychological barrier. On the downside, watch for support near $0.36, which could act as a bounce zone.

Thrill Factor: Liquidations like these often indicate strong market movements. Keep an eye on $ACT as it could be the next big breakout.

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