$ACT Short Liquidation: $1.6916K at $0.35998
A $1,691.6K short position on ACT was liquidated at $0.35998, signaling strong buying pressure and a potential bullish reversal in the short term.
Key Details About ACT:
ACT (Achain) is a blockchain platform focused on building decentralized apps with high efficiency.
It’s a low-cap coin, prone to high volatility and speculative moves.
The liquidation suggests buyers may push prices higher.
However, if resistance holds, a pullback could occur.
Support and Resistance Levels:
Support: $0.34000
Resistance: $0.38000
Recommendation:
If ACT stays above $0.34000, it could be a buy for a short-term target of $0.38000.
If it drops below $0.34000, avoid buying and wait for a clearer trend.
$ACT low liquidity makes it risky.
Trade carefully and set strict stop-loss orders.