$ACT LONG LIQUIDATION – $1.2388K WIPED OUT AT $0.06051!
BOOM! The $ACT market just delivered a devastating blow to long traders! At
$0.06051, a massive $1,238.80 in long positions were liquidated in a blink of an
eye, as the price unexpectedly plunged, sending shockwaves through the market.
What was thought to be a smooth bullish ride quickly turned into a liquidation
massacre, as traders were caught completely off guard by the rapid reversal.
The bulls got crushed, and the bears are now in full control.
ACT LIQUIDATION CHAOS – LONGS DESTROYED, BEARS IN COMMAND!
Liquidation Breakdown:
Total Long Positions Liquidated: $1,238.80
Trigger Price: $0.06051
Market Sentiment: Bulls Crushed, Bears in the Driver’s Seat
How Did It Happen?
ACT had been showing bullish momentum, with traders expecting a break above $0.062
But at $0.06051, the market took a sudden dive, catching long traders off guard
Liquidation triggers activated, causing a rapid sell-off that wiped out long positions within moments
The steep price decline sent shockwaves through the market, and bulls were left holding the bag as the bears seized control
What should have been a smooth climb for the bulls turned into a nightmare liquidation for many traders.
What’s Next for $ACT
Immediate Support: $0.058 could be the next key support level; if it holds, there might be a chance for a rebound
Resistance Levels: $0.062 remains a significant resistance level; reclaiming this could signal a potential recovery
Expect Volatility: With fresh liquidations and heightened emotions, expect sharp market movements and uncertainty in the near future
ACT just showed us how fast the market can flip. What was supposed to be a steady
upward trend turned into a brutal trap for those holding long positions, and now the bears are ruling the roost.
Were you part of the liquidation chaos, or did you manage to dodge the bullet? Let us know
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