A massive **short liquidation** just occurred for **$PNUT** at **$0.23225**, totaling over **$6K**! This is a huge market shake-up, and it could signal the beginning of some exciting moves. Let’s dive into the next steps and how you can position yourself for success.
🔍 Full Breakdown:
📉 What’s Happening? The short liquidation at $0.23225 has triggered a wave of market action. Short liquidations typically lead to **upward price movements** as traders are forced to cover their positions. This could be the start of a bullish rallyfor $PNUT !
📍 Buy Zone: Look to enter between $0.225 - $0.230. This range is showing strong support, and if the price holds above these levels, it could be the perfect entry point for a bullish breakout.
🎯 Target: For the first target is $0.250. If the momentum continues, the next resistance could be around **$0.270**, so keep an eye on these levels for a potential profit-taking opportunity.
🚨 Stop Loss: Set a stop loss around $0.220. This will protect you in case the market turns against your position, giving you peace of mind.
💡 Why This Matters: Short liquidations often lead to sharp price movements, and could be setting up for a bullish rally. If you time your entry right, there’s potential for strong gains. But always be mindful of the risks and manage your trades wisely.
⚡ **Don’t miss this opportunity — trade smart and stay ahead of the game!**
