$ACX Long Liquidation Alert
A massive $9,157.8 worth of $ACX longs is at risk of liquidation at the critical support level of $0.63353.
This level is under heavy pressure, and its breach could trigger a wave of liquidations, intensifying bearish momentum.
---
Key Details
1. Liquidation Level: $0.63353
2. Market Sentiment: Bearish bias with increasing sell pressure.
3. Impact Potential: A breakdown could result in rapid price declines as liquidations stack up.
---
Suggested Next Moves
For Long Traders:
Stop Loss: Place it just above $0.63353 to limit downside risk.
Reduce exposure if the price approaches this level without signs of a bounce.
Only re-enter after the price reclaims $0.640 with strong buying momentum.
For Short Traders:
Entry Signal: A clean break below $0.63353 could be an ideal shorting opportunity.
Watch for volume confirmation to avoid false breakdowns.
Set take-profit levels around $0.620 and $0.600.
For Neutral Traders:
Stay patient until the market resolves the battle at $0.63353.
Look for a confirmed bounce for potential long positions or a clear breakdown for short setups.
---
Final Tip:
Monitor volume spikes and order book activity near $0.63353. $ACX
A low-volume drop may indicate a fakeout, while a high-volume breakdown could confirm bearish control.
Stay sharp and ready to act swiftly!