Major Liquidation Alert:
$ACT Long Position Shattered!
A staggering $111K long position for Act I (ACT) was liquidated at $0.418, following intense market pressure.
Currently trading at $0.401, the token has experienced a slight pullback, signaling bearish momentum in the short term.
Despite the liquidation, $ACT remains resilient, still significantly up from its October lows of $0.01189.
Recent market fluctuations and tightening liquidity conditions have pushed traders to the edge, with over-leveraged positions being wiped out.
Insight:
This event highlights the risks of high leverage during volatile market conditions. With $ACT still over 3460% up from its all-time low, the market may offer opportunities for cautious traders to re-enter at favorable levels.
Keep an eye on ACT for potential recovery, but always manage your risk wisely!