Massive Liquidation Alert $ACT Shorts Hit Hard!

Big action in the market as $ACT sees a significant short liquidation:

🔸 $86.6K in short positions liquidated at the key level of $0.290!

🔸 This massive liquidation suggests heavy pressure from buyers overpowering the bears.

What Does This Mean?

1️⃣ Bulls Taking Over: The liquidation shows buyers are pushing the price higher, forcing short traders to exit their positions.

2️⃣ Key Level Breach: The $0.290 mark has become a battleground, with bulls gaining the upper hand.

3️⃣ Momentum Building: Such liquidations often lead to further buying as traders rush to join the rally.

What to Watch:

Next Resistance Levels: Keep an eye on $0.300 and $0.320 breaking these could trigger even more liquidations.

Volume Spikes: Increased trading activity will signal if the momentum continues.

Market Sentiment: Positive sentiment could attract more buyers, accelerating the uptrend.

How to Trade This Move:

Ride the Wave: If you’re bullish, consider entering near support levels with a tight stop-loss.

Manage Risk: Volatility is high after liquidations use proper risk management.

Stay Updated: Watch the charts for rapid changes, as momentum could shift quickly.

$ACT is on fire! Will the bulls continue their charge, or will the market stabilize?

Stay sharp and ready to capitalize on the action!

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