$ACT Long Liquidation Aler
Liquidated Amount: $1,010.80
Liquidation Price: $0.3792
The Achain market just witnessed a long liquidation at $0.37425, wiping out a position worth $1.01K. This liquidation highlights intense selling pressure and market uncertainty.
Traders, buckle upvolatility is here
Key Market Insights
Sentiment The liquidation suggests bearish dominance, but watch for potential reversals
Potential Impact This could trigger additional liquidations, leading to a price cascade
Volume Trends: Check for spikes to gauge whether this is an isolated event or part of a larger trend
Trader’s Guide
1. Support Levels: $0.37 and $0.36 are critical to watch for potential rebounds.
2. Resistance Zones: $0.38 and $0.40 may act as hurdles if bulls attempt recovery.
3. Key Indicators
RSI: Spot oversold conditions for reversal opportunities.
Volume: Increased activity could signal continued volatility.
Moving Averages: Look for bearish or bullish crossovers for trend confirmation.
Next Steps
Will the market stabilize, or are we headed for more turbulence? Traders should stay cautious, set stop-losses, and prepare for either direction.
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