Thrilling Market Update: ACTUSDT [Binance]
🚨 Liquidated Short Alert: A massive $54.27K short position was liquidated at $0.204. This indicates significant buying pressure, and traders might be watching closely for potential upside momentum.
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What’s Next for ACTUSDT?
The liquidation event suggests bulls are gaining control in the short term. However, let’s carefully analyze the next move for safer trading:
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Buy Zone
Look to buy within the range of $0.190 - $0.200.
This zone offers a safer entry point for potential upside while limiting risk.
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Targets (Take Profit Levels)
1. Target 1: $0.215
First resistance level. Take partial profits here.
2. Target 2: $0.230
A stronger resistance area. Ideal for holding profits.
3. Target 3: $0.250
A more ambitious target for bullish continuation.
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Stop Loss
Place your Stop Loss at $0.185.
This protects you from deeper pullbacks below the buy zone.
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Key Observations
Volume Surge: High volume with this liquidation indicates growing interest.
Risk Management: Always risk only 1-2% of your capital on any trade.
Market Sentiment: Monitor Bitcoin and the overall market, as altcoins are often influenced by their movement.
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Action Plan
1. Wait for the price to retrace to the buy zone.
2. Enter cautiously and monitor volume at entry points.
3. Book profits gradually at target levels.
Stay disciplined and avoid chasing the price after big moves. Trading requires patience and a solid plan.
$ATC
