$ACT Major Long Liquidation Alert.

has witnessed a massive long liquidation totaling $2.3642K at a key level of $0.2728.

This sudden event indicates a sharp price movement that triggered stop-loss levels for over-leveraged long positions. The level of $0.28375 has proven to be critical, sending shockwaves across the market.

What This Means for Traders:

1. Bearish Momentum:

A liquidation of long positions suggests bears are currently dominating the price action.

Buyers failed to hold their ground at $0.28375, signaling a potential continuation of the downward trend.

2. Liquidity Grab:

Liquidation zones often act as liquidity hotspots, where price tends to consolidate or reverse after absorbing leveraged positions.

Levels to Watch for $ACT

🔹 Support Zone:

$0.2800 (Immediate psychological support)

$0.2750 (Key support to avoid further cascading liquidations).

🔹 Resistance Zone:

$0.2900 (Critical level for bulls to regain control).

$0.3000 (Psychological level and significant resistance).

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