$ACT The ACT (Acet) long liquidation occurred at $0.2523, totaling $1.5307K. This means traders who were betting on the price going up (long positions) had to sell quickly, which likely caused a drop in price.
Here’s what this could mean for your next move:
1. Price Drop Likely: Long liquidations can push the price down as traders are forced to sell. Watch for potential continued downward pressure on ACT.
2. Watch for Support: Keep an eye on the $0.2523 level. If ACT falls below this, it might face further declines. If it holds, there could be a chance for recovery.
3. Technical Indicators: Check RSI or MACD to see if ACT is oversold, which might signal a potential reversal or buy opportunity.
$ACT
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