$PNUT Short Liquidation Alert
Liquidation Amount: $5,333.8
Price Level: $0.38634
A short liquidation at $0.38634 has triggered a bullish signal in the market. Sellers are being forced out, showing strong buying momentum that could drive the price higher.
Key Observations $PNUT :
1. Bullish Momentum: Buyers are dominating, causing shorts to cover their positions.
2. Volume Spike: Liquidations of this size often indicate increased market activity and potential trend continuation.
3. Resistance Ahead: Watch how the price behaves around the $0.3900 zone.
1. If you’re holding: Hold your position but place a stop-loss near $0.375 to manage risk.
2. For new entries: Look for a retest around $0.380–$0.385 or wait for a breakout above $0.390 before entering.
3. Targets: If the bullish momentum holds, the next resistance level is at $0.400, with support at $0.375.
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