$ACH has recorded a long liquidation of $1.2145K at the price level of $0.0073. This indicates that long positions were force-closed as price moved downward, increasing short-term selling pressure in the market. Liquidation events like this often trigger sharp volatility and quick downside wicks.
The $0.0073 level now acts as a key short-term reference zone. If price holds and buyers step in with strong volume, we may see a relief bounce. However, continued weakness could lead to further downside toward the next support area.
Traders should remain cautious, avoid emotional entries, and wait for confirmation before opening new positions. Proper risk management is essential during liquidation-driven moves.
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ACH
0.00711
-3.52%