$PNUT

Short Liquidation Analysis

💡 Liquidation Overview:

Total Liquidation: $15,886Critical Price Level: $0.57185

This recent liquidation event at $0.57185 offers potential

opportunities for traders. Let’s outline a strategic trading plan to navigate the market effectively.

📊 Trading Strategy

1️⃣ Entry Strategy:

Consider initiating a long position near $0.57185, provided there are clear signs of bullish momentum. Look for confirmation in

the form of higher lows or sustained buying pressure.

2️⃣ Risk Management:

Place a stop loss at $0.55000 to limit potential downside

exposure. This level provides a reasonable buffer to safeguard

against unexpected market volatility.

3️⃣ Profit Targets:

First Target: $0.60000 – A key psychological level that could

attract profit-taking.Second Target: $0.62000 – A higher

resistance zone that offers further upside potential.

🔍 Key Recommendations

Stay vigilant and monitor price action closely for clear signs of

upward momentum. Confirm the trend before entering positions to enhance the probability of success.Employ disciplined risk management by adhering to stop-loss levels and adjusting

positions if the market conditions change.Be mindful of broader market sentiment and any news or events that may impact

price dynamics.

Outlook:
This trading setup presents a favorable risk-to-reward ratio if

bullish momentum holds. With precise execution and proper

risk management, traders can capitalize on potential upward

moves while safeguarding against losses.

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