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#ACT Liquidated Long: $89.8K at $0.284
Breaking News: A massive $89,800 long position on #ACT was liquidated at the critical price of $0.284, shaking the market!
Market Impact:
This liquidation has triggered heightened volatility as traders scramble to adjust their positions.
Such a large liquidation can act as a domino, influencing sentiment and potentially causing further liquidations or price fluctuations.
Price Movement:
Prior to the liquidation
was hovering around $0.290, showing signs of resistance.
Post-liquidation:
The price dipped briefly below $0.284, testing critical support levels.
What It Means for Traders:
Bulls: Be cautious; the $0.284 level is proving weak,
and further downside could be in play.
Bears:
Momentum might be on your side, but watch for oversold conditions or reversal