Massive Short Squeeze Alert.
$PNUT just witnessed a short liquidation of a staggering $2.2254K at $0.6805.
Here's what that means: A significant wave of short positions were forced to close out their trades due to this price action, adding massive fuel to the fire as traders rush to liquidate their positions! This is a major bullish trigger as the shorts scramble to cover.
Short Liquidation Details:
Amount: $2,225.4
Price Level: $0.67828
Impact: As more shorts get squeezed,
$PNUT 's price could skyrocket further!
Why It Matters: Short liquidations like this signal a potential shift in momentum, especially for assets like
$PNUT . If this squeeze continues, watch for price acceleration and volatility spikes.
Key Levels to Watch:
Resistance: $0.70 (Potential to breach if bullish momentum sustains)
Support: $0.65 (Potential pullback zone)
Stop-Loss Level: Set below $0.65 to manage risk as volatility heightens.
Next Steps for Traders:
Watch for continuation: If PNUT stays above the $0.678 mark, bullish momentum could carry it to the next levels.
Stay alert: Short liquidations tend to create fast, explosive price moves, so be ready to take action at any moment!
Potential Targets:
$0.75
$0.80
Don’t get caught off-guard: Always manage your risk, and keep an eye on sudden price shifts as liquidations like these can fuel rapid movements!
Get ready for the ride –
$PNUT is making waves.
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