Market Alert on $ACX :
A long liquidation of $1.207K occurred at $0.50723, signaling potential shifts in market dynamics.
Key Details:
$ACX is a utility token tied to cutting-edge blockchain solutions, often used in decentralized ecosystems.
The liquidation reflects selling pressure, with bulls unable to maintain upward momentum.
Next Move Prediction:
Bearish Tilt: The liquidation suggests downward pressure, but a bounce could occur if support holds strong.
Support & Resistance Levels:
Support: $0.5000
Resistance: $0.5200
Suggested Trading Plan:
Buy: If $ACX holds above $0.5050 and shows signs of recovery with higher volume.
Sell: If it drops below $0.5000, signaling more bearish moves.
Hold: Wait for clear direction if it consolidates between $0.5000–$0.5200.
Stop-Loss:
Place a stop-loss at $0.4950 to minimize risk in case of further declines.
Monitor the price action closely and adapt your strategy to market trends!