BREAKING:
$ACT Long Liquidation Spotted — $5,585 wiped out at $0.0577!
Is this the final shakeout before a major move? Let's dive in:
Chart Setup & Analysis:
Buy Zone (Accumulation Range):
$0.0550 – $0.0570
Heavy liquidations = weak hands out. Smart money may be watching this range.
Targets (Short-Term to Mid-Term):
Target 1: $0.0615 (Resistance Flip)
Target 2: $0.0660 (Recent Local High)
Target 3: $0.0710 (Momentum Zone Breakout)
Stop Loss:
Below $0.0535 — If price closes below this level on 4H or Daily, exit to minimize drawdown.
Market Sentiment:
The flush at $0.0577 may signal a trap for late longers. Market makers often trigger stop hunts before explosive rallies.
Strategy:
Buy the fear. Set tight SL. Ride the recovery wave.