$ACT Short Liquidation: $9.8726K at $0.43806
#ACT has triggered a significant short liquidation of $9.8726K at $0.43806, potentially igniting a sharp bullish move. The liquidation could fuel upward momentum as shorts are forced to cover, leading to price acceleration.
š Current Price Action: ACT is holding at $0.43806, and with shorts under pressure, we might see the price break through resistance levels, possibly heading toward $0.45 or even higher. The market is ripe for an upward move if buying continues.
ā” Volume Surge: Watch for any increase in volume as it could confirm the continuation of the bullish momentum. A sustained rise in volume could drive ACT to test higher resistance levels.
š” Risk Management: Keep an eye on support near $0.43. If the price dips below this level, it could signal a pullback. Set stops to protect against sudden price changes while capitalizing on the potential rally.
š Upside Potential: If ACT pushes past $0.44 and continues higher, the next target could be around $0.46. The short squeeze could lead to rapid price movements, so staying flexible with your strategy is key.
The short squeeze is onāprepare for volatility and capitalize on the fast-moving market!