š„ $ACX Long Liquidation Alert! š„
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. Letās dive into whatās next and how to trade this!
Whatās Next?
This liquidation could push the price lower temporarily, giving smart traders the chance to capitalize. Hereās how to position yourself:
---
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.
---
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 Bitcoinās movementāit often affects altcoins like $ACX.
Final Thoughts:
$ACX is in a critical zone following this liquidation. Whether it rebounds or drops further, thereās potential for both long and short setups. Stay disciplined, follow your plan, and never trade without risk management.
Want live updates or insights on other coins? Let me know! š
#BinanceAlphaAlert #SolvProtocolMegadrop #DEXVolumeRecord #BTCMiningPeak #BTCXmasOrDip?