$ACT Long Liquidation Alert
Long Liquidation Value: $13.103K at $0.30029
Entry Point: $0.3050
The entry point is slightly above the liquidation price of $ACT at $0.30029, aiming for a potential rebound or upward movement after the liquidation.
Target Price: $0.3200
Target set at $ACT $0.3200, providing a 4.92% upside from the entry point. This level is near resistance and could be an ideal point for taking profits.
Stop Loss: $0.2900
Stop-loss placed at ACT $0.2900, which limits risk to approximately 4.92%. This stop-loss ensures protection if the market moves against the trade.
Risk/Reward Ratio: 1:1
Risk: $0.0150
Reward: $0.0150
The 1:1 risk/reward ratio provides a balanced setup, with equal potential reward and risk.
Market Context:
The ACT liquidation suggests possible upward movement, as these events can trigger buying pressure. The price may head towards $0.3200, facing resistance.
⚠️ Disclaimer:
Cryptocurrency trading involves significant risk. Always conduct thorough research and consult a financial advisor before making any decisions.