$PNUT /USDT – Long Liquidation Alert! Shorts Eyeing Next Move
Liquidation Triggered: $1,022 at $0.28968
A long position worth around $1,000 just got liquidated at $0.2897, signaling bears still have the edge here.
This shakeout could be the start of more downside if sellers keep up the pressure.
Trade Setup to Watch:
Entry Zone (Short): $0.2900 – $0.2930
Take Profit 1: $0.2850
Take Profit 2: $0.2800
Stop Loss: $0.2950
Key Resistance:
$0.2920 – Immediate ceiling where price may reject
$0.2950 – Stronger resistance above
Key Support:
$0.2850 – First major support zone
$0.2800 – Next big target if breakdown continues
Market Insight:
Momentum remains bearish as $PNUT fails to hold above $0.29. The liquidation at $0.2897 indicates short-term sellers are active, and unless bulls push price back above $0.295, more downside is likely.
Pro Tip:
Watch the 15-minute chart for bearish rejection candles or volume spikes before entering shorts. Confirmation is key—don’t jump in blindly.
Final Thought:
The bears are on the hunt. Trade smart, stick to your stops, and scalp with discipline.