Breaking: Major $ACT Long Liquidation Hits the Market
A significant $2.021K long position in $ACT has been liquidated at $0.38555.
The critical support level was breached, marking a decisive victory for the bears.
This liquidation underscores the rising volatility and intensified selling pressure in the market.
What does this mean?
The breach of $0.38555 could trigger further downside momentum as confidence among bulls wavers.
Sellers are currently in control, and if no immediate rebound occurs, the price may test the next support level below $0.37.
Suggested Next Move:
If you're a trader, wait for confirmation before entering any positions.
Look for strong buying volume or a reclaim of $0.39 for a bullish setup.
For short-sellers, monitor resistance near $0.39-$0.40 for potential entries if the downtrend continues.
Risk management is critical; avoid overleveraging in these volatile conditions.
Stay alert, as this could be a pivotal moment for $ACT