$ACX long liquidation event. Here's a simplified explanation:
What Happened:
ACX Long Liquidation means someone had a long position (betting that the price would rise) on ACX,
but their position was automatically closed due to price movement.
The liquidation amount is $10.01K, which indicates the value of the trade that was closed.
The liquidation price was $0.79247, meaning the price of ACX reached this level, causing the liquidation to happen.
What's Next:
If you're in a similar position, consider adjusting your strategy to avoid liquidation.
It's crucial to keep track of market trends, manage risk, and set stop losses to protect your investments.
Always stay updated with the price movements and understand the market volatility.
Key Takeaways:
1. Liquidation happens when the price goes against your position.
2. Manage your risks to avoid large losses.
3. Use stop losses to limit potential downsides.
If you have any specific questions about ACX or trading strategies, feel free to ask!