$ACX Longs Wiped Out: $1.2475K Liquidated at $0.5682!
In a sharp market downturn, $1.2475K worth of $ACX long positions were liquidated as the price plunged to $0.5682.
This liquidation reveals a sudden shift in momentum, catching over-leveraged bulls off guard and signaling heightened volatility in the market.
Key Highlights:
1. Long Liquidation Surge: Bullish traders suffered losses as the $0.57 support gave way.
2. Critical Level Breakdown: The drop to $0.5682 exposes vulnerabilities, putting bears in the driver’s seat.
3. Increased Volatility: Rapid liquidations suggest unpredictable moves ahead—perfect conditions for agile traders.
Suggested Next Move:
For Traders: Watch for consolidation around $0.5650. If the price rebounds, consider a short-term long, targeting $0.59 with tight stop-losses.
For Bears: Look for a retest of $0.57-$0.58 as a potential entry point to short, targeting $0.55.
For Holders: Avoid panic selling. If $0.55 holds, this could be a buying opportunity for a long-term position.
$ACX is at a pivotal moment—prepare for potential wild swings! Stay alert!