$ACT Here's a detailed analysis of based on the information provided.
Overview of $ACT Long Liquidation.
Long Liquidation.
$2.0408K at $0.27313
This suggests there was significant selling pressure at this level, causing a price drop. It indicates weak bullish sentiment near $0.27313.
Price Analysis.
1. Current Scenario.
The price is hovering near $0.27313, where selling pressure has been observed.
If this level holds as resistance, a downward movement is possible.
If the price reclaims this zone, bulls may regain control.
2. Support and Resistance Levels.
Immediate Support: $0.265 watch for price stabilization.
Resistance: $0.27313 current selling zone.
Buy Zone, Target, and Stop Loss.
Buy Zone
Range.
$0.260–$0.265
This is a strong support zone where buyers may step in. Entering here minimizes risks and maximizes potential gains.
Targets.
Target 1 Short Term. $0.280
Target 2 Medium Term. $0.295
Target 3 Long Term. $0.310
Stop Loss.
Place a stop loss below $0.255. This limits losses if the support at $0.260 fails.
Next Steps for Trading $ACT.
1. Monitor Price Action.
Watch if the price stabilizes near $0.260–$0.265.
Ensure there’s strong buying volume before entering.
2. Check Market Sentiment.
Follow updates from major $ACT traders or news.
Confirm if the market shows signs of recovery.
3. Position Size.
Keep your risk reward ratio in check. For every $1 you risk, aim to gain at least $2.
Tips for Trading $ACT.
Use trailing stop losses to lock in profits as the price moves up.
Avoid over leveraging; keep your trades manageable.
If the price falls below $0.255, wait for a new buying opportunity lower.
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