$ACX Long Liquidation Update.

Liquidation Amount. $6.0847K at $0.63637

Key Event. This liquidation suggests significant selling pressure, as positions were forced to close due to the price hitting a liquidation trigger.

What’s Next for $ACX.

After such a liquidation, the price could experience volatility. Traders often look for key support and resistance zones to determine the next move.

Buy Zone for $ACX.

Buy Zone.

Look for a potential buying opportunity near $0.62 to $0.63. This range could act as a support zone if the price stabilizes and starts showing upward movement.

Consider entering if the price holds this level and shows signs of a bullish reversal.

Target Level for $ACX.

Target.

Aim for the $0.70 to $0.75 range as a short term target. This is a likely resistance zone, and the price might face challenges crossing above this level.

If the momentum is strong, it might even push higher.

Stop Loss Level for $ACX.

Stop Loss. Place a stop loss at $0.60 or lower. If the price breaks below this level, it could indicate further downside, and you may want to exit the trade to avoid bigger losses.

Key Takeaways.

Watch for volatility after the liquidation.

Look for a buy near $0.62-$0.63.

Set target between $0.70-$0.75.

Protect your position with a stop-loss around $0.60.

Caution.

Always remember, the market can be unpredictable, and it’s crucial to monitor price movements closely. Adjust your strategy based on the market’s behavior.

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