🚨 $ACT Short Liquidation Alert!
A $5.587K short liquidation just hit at $0.29022, signaling bullish strength as shorts are forced to exit. Is this the beginning of a major rally, or will the momentum fade? Let’s break it down and plan your next move in $ACT!
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🔍 Market Overview
Price Action: The liquidation shows bulls are stepping in, pushing the price higher.
Support Zone: $0.280 - $0.285 is a critical area where buyers could dominate.
Resistance Zone: $0.300 - $0.305 is the level bulls need to break to sustain upward momentum.
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🔮 What’s Next for $ACT?
The short squeeze has created upward pressure, but a rejection at resistance could bring sellers back into play. Here's how to navigate:
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🔥 Trading Strategy for $ACT
📈 BUY ZONE:
Aggressive Entry: $0.288 - $0.292 (to catch immediate momentum).
Safe Entry: $0.280 - $0.285 (closer to strong support).
🎯 TARGETS:
1. Short-term: $0.300
2. Mid-term: $0.315
3. Long-term: $0.330
🛡️ STOP LOSS:
Place your stop loss at $0.275 to minimize risk if the price reverses.
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⚡ Key Indicators to Watch
Volume Spike: Look for increased buying volume to confirm bullish strength.
RSI: If RSI crosses 70, beware of overbought conditions.
Moving Averages: A break above the 50-day MA could signal a longer-term bullish trend.
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Final Thoughts
If $ACT can push above the $0.300 resistance, it could rally toward $0.330. However, failure to break this level might lead to consolidation or even a retest of $0.280. Stay focused, manage your risks, and trade with a clear plan!
💬 Do you think $ACT has the momentum to break through $0.300? Let’s hear your thoughts!
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