🔥 Major $ACT Long Liquidation Alert! 🔥

A massive long liquidation just occurred: $7.6413K at $0.28346. The bulls were caught over-leveraged, causing this shakeout. This could be a game-changer, so let’s map out the next move for smart traders!

What’s Next?

This liquidation may lead to increased volatility, creating opportunities for both long and short traders. Let’s plan step-by-step:

Buy Zone (For Long Traders):

Watch for a potential dip into the $0.270 - $0.280 range.

This support zone could act as a bounce area if buyers step in.

Target Levels:

1. $0.290 (Immediate resistance for a quick rebound).

2. $0.305 (Stronger resistance and key target for bulls).

3. $0.320+ (If momentum builds, this could be the breakout level).

Stop Loss:

Place a tight stop at $0.265 to minimize risk in case the market trends lower.

For Short Traders:

If $ACT struggles to reclaim $0.283, consider shorting with targets at $0.275 and $0.260.

Confirm resistance before entering a short trade.

for Trading $ACT:

Monitor Volume: A bounce with strong volume signals bullish strength, while weak volume suggests further downside.

Watch for Breakouts: A clean break above $0.290 could indicate a larger upward move.

Keep an Eye on Bitcoin: Its movement often influences altcoins like $ACT.

Final Words:

This $ACT liquidation sets the stage for exciting price action. Stay sharp, trade your plan, and use proper risk management. Remember, the market rewards patience and discipline.

Need deeper insights on ACT or other coins? Let’s strategize together! 🚀

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