Massive Short Liquidation $ACT Bulls Take Over!
The market just saw a $86.6K short position liquidation at $0.290:
Shorts Squeezed Hard: Bears were forced to cover their positions as the price soared, triggering massive losses for those betting against it.
Bullish Surge: This liquidation signals a powerful move upward, with buying pressure continuing to drive the price higher.
What’s Happening?
1️⃣ Short Squeeze in Full Effect: The bulls have taken charge, pushing the price up and squeezing out the shorts in the process.
2️⃣ Price Surge: The market is seeing a rapid rise, indicating strong demand and momentum behind $ACT.
3️⃣ Key Price Zone: The $0.290 level is now a critical support point can it hold, or will the rally push higher?
Key Levels to Watch:
Support Levels: Watch $0.290 and $0.280 for possible pullbacks or buying opportunities.
Resistance Points: $0.300 and $0.320 could be the next targets as the rally continues.
Volume Trends: Watch for rising volume to confirm that the bullish momentum is sustainable.
How to Play This Move:
Ride the Wave: If you're bullish, consider entering near support levels and targeting the next resistance zones.
Set Stop-Loss: Protect your trades with stop-loss orders to manage any unexpected price reversals.
Stay Alert: Liquidations create fast price moves be ready for any sudden shifts in market sentiment.
$ACT is surging! Will the bulls keep pushing higher, or is a pullback coming?
Watch the price action and act fast!
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