$ACT Long Liquidation Alert: $89.783K at $0.28438
A major shakeup in the market—$89.783K worth of ACT long positions were liquidated at $0.28438, marking a significant shift in sentiment. The bears have taken charge, pushing ACT to the edge of key support levels.
1️⃣ Bearish Outlook: If ACT fails to hold above $0.284, the next likely targets are $0.275 and $0.265, potentially deepening the sell-off.
2️⃣ Bullish Recovery: A bounce from this level could drive a recovery toward $0.29 or even $0.30, provided the bulls regain control.
Market Dynamics:
The liquidation volume suggests heightened volatility, making this a critical moment for ACT’s short-term trajectory.
Momentum favors caution—sharp moves in either direction are possible.
Trading Strategy:
Risk Management: Use disciplined stop-losses to protect capital.
Key Levels: Monitor for a decisive break below $0.284 or a reclaim of $0.29 to gauge the next trend.
The next few sessions will be pivotal—ACT is on the brink, and swift action will be key for traders navigating this volatile setup.