$ACT Here’s an in-depth and organic analysis of the token based on the liquidation data provided.
Please note this is for informational purposes and not financial advice.
Market Overview:
Token: $ACT
Recent Liquidation: $2,940.7 at a price of $0.31053 indicates strong selling pressure at this level.
This could mean that many traders have been stopped out, potentially setting up a price recovery or further downside momentum.
Trading Strategy for $ACT:
Buy Zone:
Look for entries between $0.300 - $0.305.
This area is close to the liquidation price and may act as a short-term support zone.
If the price dips below this zone, wait for confirmation before re-entering.
Target Levels (Take Profit):
1. Target 1: $0.325
This is a conservative target and aligns with potential short-term price recovery.
2. Target 2: $0.340
A more ambitious target if buying momentum increases.
Stop Loss:
Place a stop-loss at $0.295 to limit your losses in case the price breaks below key support levels.
This is slightly below the buy zone to avoid getting stopped out due to minor fluctuations.
Technical Outlook:
1. Support Level:
$0.300 is a crucial psychological and technical level.
A break below this could lead to further selling.
2. Resistance Level:
Immediate resistance lies at $0.320 - $0.325.
Breaking this level could trigger a rally toward higher targets.
3. RSI (Relative Strength Index):
Check if RSI is below 30, indicating oversold conditions.
This could signal a buying opportunity.
4. Volume Analysis:
Look for increasing buying volume near the buy zone.
Low volume may indicate weak recovery.
What’s Next.
1. Patience is Key:
Wait for the price to stabilize in the buy zone before entering.
2. Monitor Bitcoin and Market Sentiment:
$ACT’s movement can also depend on overall market trends.
3. Risk Management:
Never risk more than 2-3% of your total capital per trade.
Summary:
Buy Zone: $0.300 - $0.305
Targets:
T1: $0.325
T2: $0.340
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