Short Liquidation on $ACT !
A $75.2K short position was liquidated at $0.660, as #ACT sees a strong upward surge.
The bulls are taking control, and this move could indicate a shift in market sentiment.
•√• What’s Next for $ACT ?
• Resistance Level: $0.680 – A critical zone; breaking above this could lead to further gains.
• Support Zone: $0.650 – Bulls need to defend this area to maintain the rally.
•√• Strategy Suggestion:
• For Longs: Look for a pullback to $0.650-$0.660 as a potential entry point.
• For Shorts: Exercise caution—momentum is shifting, and shorts may not be safe in this environment.
Stay sharp and trade carefully as the market heats up!