$ACT Long Liquidation Update. Key Details and Strategy
Overview.
There’s been a recent long liquidation for
$ACT at a price of $0.29549, with a total liquidation value of $1.0342K. This suggests a significant price movement and could indicate a potential change in market sentiment for
$ACT .
Next Steps.
To take advantage of this, here’s a strategy you can follow based on technical analysis.
Buy Zone.
First Buy Zone. $0.28 - $0.30
This range represents a potential support area after the liquidation event. Prices could bounce back from here if the selling pressure decreases.
Second Buy Zone. $0.32 - $0.34
If the price dips further and finds support around this range, it could present another buying opportunity.
Target.
Short-term Target $0.40
This target is based on recent price resistance levels. A push towards this level could be expected if the buying momentum picks up after the liquidation.
Medium term Target. $0.45 - $0.50
This range could act as a potential resistance zone where price may face challenges. Watch for breakout signals if the price reaches this zone.
Stop Loss.
Stop Loss for Buy Zone 1. $0.26
If the price drops below this level, the trade could be invalidated, and you should exit to minimize potential losses.
Stop Loss for Buy Zone 2. $0.30
A tighter stop loss for the second entry in case of unexpected market fluctuations.
Conclusion.
Market Sentiment. After the liquidation, there might be a lot of volatility, so be prepared for both upward and downward movements.
Risk Management. Always use proper risk management with stop losses and position sizing. Stay patient and avoid getting caught in short-term market noise.
Keep an eye on the charts and news updates, as sudden changes could affect the price action. Stay safe and trade wisely.
#ACT #BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip? #XmasCryptoMiracles