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Muhammad-Idrees26
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Bullish
Market Shocker: $ACT Short Liquidation Hits $1.284K at $0.3207.
The crypto market just witnessed a high-voltage move! Traders holding short positions in $ACT faced a liquidation storm as the price surged, touching $0.32482, resulting in a $1,284 short liquidation.
What’s Happening.
Price Breakthrough: $ACT broke through resistance, triggering a cascade of liquidations.
Short Squeeze Alert: The sudden price surge caught bears off guard, forcing them to close positions.
Volume Spike: This move indicates rising trading activity and potential market momentum.
Key Levels to Watch:
Support: $0.30 - A potential buy zone if prices retrace.
Resistance: $0.35 - Watch for a breakout above this level for further upward momentum.
What’s Next.
Bulls seem to be gaining strength. If the price consolidates above $0.32, we could see further upward pressure, potentially testing $0.35 and beyond. However, if selling pressure reappears, $0.30 might act as a critical support level.
Trading Tip: Always set stop-loss levels and keep an eye on market sentiment to avoid unexpected liquidations.
#ACT #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #SolvProtocolMegadrop
The crypto market just witnessed a high-voltage move! Traders holding short positions in $ACT faced a liquidation storm as the price surged, touching $0.32482, resulting in a $1,284 short liquidation.
What’s Happening.
Price Breakthrough: $ACT broke through resistance, triggering a cascade of liquidations.
Short Squeeze Alert: The sudden price surge caught bears off guard, forcing them to close positions.
Volume Spike: This move indicates rising trading activity and potential market momentum.
Key Levels to Watch:
Support: $0.30 - A potential buy zone if prices retrace.
Resistance: $0.35 - Watch for a breakout above this level for further upward momentum.
What’s Next.
Bulls seem to be gaining strength. If the price consolidates above $0.32, we could see further upward pressure, potentially testing $0.35 and beyond. However, if selling pressure reappears, $0.30 might act as a critical support level.
Trading Tip: Always set stop-loss levels and keep an eye on market sentiment to avoid unexpected liquidations.
#ACT #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #SolvProtocolMegadrop
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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