⚠️ $PENGU – Major Short Liquidation Spotted!
📉 Market Action:
A big short position on $PENGU worth $8.16K got liquidated at $0.01021. This means the trader was betting on price going down — but instead, price moved up and hit their stop.
💣 What This Means:
• Shorts getting liquidated = bullish pressure
• Sellers are being squeezed = price can rise more
• Liquidation zone near $0.01021 now acts as support
📈 Possible Bullish Setup:
• Watch zone: $0.0100 – $0.0103
• If price holds above this = chance for upside move
• Next resistance around: $0.0110 – $0.0125
💡 Pro Tip:
Liquidation events often trigger momentum. If buyers step in now, $PENGU could see a strong leg up. Keep volume and price action in focus!