$PNUT /USDT – Shorts Getting Crushed & Bullish Momentum Building!
Current Price: $0.30556 (Triggered Short Liquidation)
Short Liquidation: $8,948 at $0.30556
$PNUT just shook the market with nearly $9K in short positions liquidated as price pushed through $0.30556. This liquidation shows strong buying pressure forcing the bears out—classic setup for a possible short squeeze and continuation higher.
📊 Trade Setup:
Entry Zone: $0.3000 – $0.3055 (just below liquidation level)
TP1: $0.3150
TP2: $0.3250
TP3: $0.3400
Stop Loss: $0.2950
📍 Key Levels:
Resistance: $0.3150 (next key target)
Support: $0.2950 (below liquidation zone)
24H Range: $0.2900 – $0.3150
📈 Market Insight:
The recent liquidation of shorts at $0.30556 signals a shift in momentum—overleveraged bears got squeezed, which often leads to rapid price moves upward.
If price can hold above the liquidation level with good volume, $PNUT could push toward the next resistance around $0.3150.
Look for steady higher lows and strong green candles to confirm continued accumulation.
💡 Pro Tip:
Wait for price to hold above $0.3055 or retest it as support before entering to reduce risk.
Trail your stop loss after hitting TP1 to lock in profits while giving room for the trade to run.
Watch volume closely—liquidation moves need volume confirmation to sustain.