$ACT Long Liquidation Alert
A total of $1,092.4 in $ACT longs is at risk of liquidation at the crucial level of $0.36414.
The market is heating up, and this price point could trigger a wave of volatility, drawing attention from both bulls and bears.
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Key Details
1. Liquidation Level: $0.36414
2. Market Trend: Bears are tightening their grip as the price edges closer to this critical zone.
3. Impact Potential: If breached, it could trigger a domino effect, amplifying downward momentum.
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Suggested Next Moves
For Long Traders:
Stop Loss: Set it slightly above $0.36414 to minimize losses.
Consider scaling out of positions if bearish momentum persists.
Re-enter only after clear signs of a bounce above support.
For Short Traders:
Look for confirmation of a breakdown below $0.36414.
Enter short positions with tight risk management if sell pressure accelerates.
For Neutral Traders:
Wait for the market’s reaction at $0.36414—a breakdown could present short opportunities, while a bounce might indicate a reversal.
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Pro Tip: Watch volume spikes and order book activity around $0.36414.$ACT
A low-volume break could signal a fakeout, while high-volume action could confirm the trend.