Market Shocker! $PNUT Long Liquidation Crashes Through Key Levels!
💥 $8,331.3K Longs Liquidated at $0.5285
A massive hit to the bulls! This long liquidation has shaken the market, leaving traders wondering: Is this a dip to buy or a sign of deeper trouble? Let’s break it down!
What’s Next for $PNUT?
Here’s your roadmap to navigate the volatility:
1️⃣ Buy Zone:
✅ Consider entering between $0.5000 - $0.5350.
This is a key support range where buyers could regroup for a potential rebound.
2️⃣ Targets:
🎯 Target 1: $0.5700 – Immediate resistance where selling pressure might ease.
🎯 Target 2: $0.6200 – Momentum zone for stronger upside.
🎯 Target 3: $0.6800 – Breakout level with significant bullish potential.
3️⃣ Stop Loss:
❌ Protect yourself with a stop loss at $0.4800.
This will minimize risk if selling continues to drag the price lower.
Market Sentiment
The liquidation at $0.5285 reveals that overleveraged longs were crushed, but this also sets the stage for a potential bounce-back rally. Keep an eye on volume—if buyers return with force, $PNUT could see an explosive recovery.
If $PNUT reclaims $0.5300 and holds above it, it’s a signal that bulls are regaining control. Stay patient and avoid chasing impulsive moves.
⚡ Will you catch the bounce or play it safe? The next move could define this week’s market action!
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