$ACT Short Liquidation Alert.

A massive $2.96K worth of short positions were liquidated at the price of $0.2887

This intense move indicates that bears (short sellers) got squeezed out as the price surged past their liquidation levels. Short liquidations occur when the price of an asset rises above the liquidation threshold, forcing traders who have bet against the asset to buy back, causing the price to rise even further in a cascade effect.

What Does This Mean for You.

The market's volatility is hitting short sellers hard, creating momentum for ACT. Traders who were holding shorts have been forced to cover, and this could spark further price movement in the coming hours/days.

Key Points:

Total Short Liquidation: $2.9622K

Liquidation Price: $0.28388

Key Moment: The short squeeze triggered a rush to cover, potentially setting the stage for further upward movement in ACT.

What’s Next.

Bullish Momentum: With these liquidations, we could see more price action as the market seeks new equilibrium.

Keep an eye on $0.28 as a key level for support, while $0.30 could be the next target if the buying pressure continues.

Pro Tip: If you're planning to enter the market, watch for further liquidations or price consolidations around these levels to assess the momentum before making your next move.

Stay alert, and happy trading.

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