Short Liquidation Spotted!
A notable $116K short position has been liquidated at $0.617 on $ACT , signaling a surge in bullish activity. This move could indicate strong buying interest as bears lose their grip.
Market Insight:
This liquidation suggests buyers are stepping in forcefully, likely aiming to push the price higher.
Momentum is shifting upward, with potential for the coin to test new intraday resistance levels.
What’s Next?
• Immediate resistance: Watch for a breakout above $0.625, which could lead to a rally toward $0.645.
• Key support: If the price retraces, keep an eye on $0.605 for a bounce opportunity.
• Actionable Plan:
• Scalpers: Look for entries on pullbacks near $0.610 with a tight stop-loss.
• Trend followers: Wait for a clean breakout above $0.625 to confirm upward momentum.
Keep your risk in check and ride the trend!
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