šŸ”„ $ACX Long Liquidation Alert! šŸ”„

A huge long liquidation just shook the market: $10.001K at $0.56705. Bulls got caught off-guard, and now the market is heating up with potential opportunities. Letā€™s dive into whatā€™s next and how to trade this!

Whatā€™s Next?

This liquidation could push the price lower temporarily, giving smart traders the chance to capitalize. Hereā€™s how to position yourself:

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Buy Zone (For Long Traders):

Watch for price to dip into the $0.540 - $0.560 range.

This is a strong support zone and could spark a recovery.

Target Levels:

1. $0.580 (First resistance and quick scalp target).

2. $0.600 (Key resistance where bulls might aim).

3. $0.630+ (If bullish momentum surges, this could be the next breakout level).

Stop Loss:

Set your stop at $0.525 to manage risk in case of further downside pressure.

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For Short Traders:

If $ACX struggles to break above $0.567, consider shorting with targets at $0.550 and $0.530.

Look for confirmation of resistance before entering a short position.

Tips to Succeed:

Monitor volume: A strong bounce with high volume signals bull strength.

Be cautious of fakeouts near $0.567 as the market could trap traders.

Keep an eye on overall market sentiment and Bitcoinā€™s movementā€”it often affects altcoins like $ACX.

Final Thoughts:

$ACX is in a critical zone following this liquidation. Whether it rebounds or drops further, thereā€™s potential for both long and short setups. Stay disciplined, follow your plan, and never trade without risk management.

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