$ACT has recently seen a significant short liquidation of $10,027 at a price of $0.21402. This event indicates that traders who bet against $ACT 's price movement were forced to close their positions, possibly due to an upward price movement.

Current Market Overview

As of now, Achain ($ACT ) is trading at approximately $0.0001226, with a 24-hour trading volume of $384.54. This reflects a slight decrease of 0.46% in the last 24 hours and a more substantial decline of 33.76% over the past week.

Buy Zone

Considering the current market conditions and recent price movements, potential entry points for ACT could be between $0.00012 and $0.00015. This range is identified based on recent support levels and market analysis.

Target Levels

If ACT manages to gain upward momentum, traders might look at the following target levels:

Short-Term Target: $0.00034

Mid-Term Target: $0.000375

These targets are based on technical analysis and market trends.

Stop Loss

To manage potential risks, setting a stop loss is crucial. For instance, placing a stop loss around $0.00029 can help protect against unexpected downward movements.

Conclusion

Achain's recent market activity, including the significant short liquidation, suggests potential opportunities for traders. Entering the market within the $0.00012 to $0.00015 range, with targets set at $0.00034 and $0.000375, and implementing a stop loss around $0.00029, can be a prudent approach. As always, it's essential to conduct thorough research and consider market conditions before making investment decisions.

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