$ACE Long Liquidation Alert!
Liquidation Amount: $4,972
Liquidation Price: $2.08934
Market Analysis:
$ACE longs have been swept out as the price hit a critical level, signaling heightened bearish momentum. This liquidation highlights the pressure on leveraged positions in a volatile market.
Key Levels to Watch:
Support Zone: $2.00 — A break below could intensify the selling, targeting $1.90.
Resistance Zone: $2.20 — A recovery above this level could shift momentum back to the bulls.
Potential Scenarios:
Bearish Outlook: Continued downward pressure might lead to more liquidations, testing lower support levels.
Bullish Case: A strong defense near $2.00 could spark a reversal, driven by value buyers stepping in.
Strategy Tip:
Trade cautiously—volatility in $ACE is creating both risks and opportunities. Use tight stops and wait for clear signs of a trend reversal!