🔴 LONG LIQUIDATION: $1.21K at $0.24689
ACE recorded a long liquidation around $0.24689, signaling short-term pressure on leveraged buyers. The price now needs to reclaim the nearby resistance zone to confirm that sellers are losing control.
Support: $0.240–$0.245
Resistance: $0.255–$0.260
Next Target: $0.270 if resistance breaks.
Holding $0.240 could create a technical rebound toward $0.255 and beyond. However, another breakdown below support could trigger additional long liquidations. Traders should wait for confirmation rather than chase the first bounce.
Risk: High
Bias: Neutral until $0.255 breaks
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