Market Update:
$ACT Liquidated Short - $86.6K at $0.290
A significant short liquidation on ACT worth $86,600 at $0.290 has stirred market activity. Here's what you need to know to position yourself effectively.
Key Levels to Monitor:
Immediate Resistance: $0.295
Immediate Support: $0.285
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Market Analysis and Strategy:
For Buyers:
A breakout above $0.295 could signal bullish momentum. A buy position targeting $0.305 might be a good opportunity.
For Sellers:
If the price struggles to sustain above $0.290 and dips below $0.285, consider a short position targeting $0.275.
.....Risk Management Tips:
Place a stop-loss just below $0.285 (if buying) or above $0.295 (if selling).
Monitor volume and momentum to confirm trends before entering a trade.
Market Sentiment: Neutral to bullish in the short term, but volatile conditions warrant caution.
Disclaimer: This is for informational purposes only and not financial advice. Please conduct your own research before making any trading decisions.