Massive Liquidation Alert for $ACT

Long Liquidation: $5,077.1 at $0.2900

The market just witnessed a major move that wiped out long positions worth over $5K. Such liquidations often signal significant price action, driven by volatility and large players moving the market.

What Happened.

1️⃣ The price dropped to $0.28898, triggering liquidations for traders who had leveraged long positions.

2️⃣ Long Liquidations occur when traders bet on the price increasing, but the market moves against them, forcing their positions to close.

What’s Next.

This could be the sign of:

Bearish Momentum: Potential for further downside if sell pressure continues.

Reversal Zone: A possible bounce if buyers step in to scoop up the dip.

Trading Tips:

Support Zone: Watch for strong buying interest near $0.28898.

Resistance Levels: Key levels to watch for resistance are $0.30 and $0.32.

Risk Management: Tighten stop losses if you're in the market, as volatility might continue.

This thrilling development shows how unpredictable the market can be. Will the bulls fight back, or will the bears dominate. Stay sharp and trade smart.

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