$PNUT Market Update

Liquidation Alert:

$77.7K in long positions were liquidated at $0.186, signaling increased selling pressure and a potential shift in market sentiment.

Market Overview:

$PNUT has faced a pullback after the liquidation of long positions. The price is now testing critical support levels, and the next move will depend on whether buyers step in or further downside occurs.

Key Levels to Watch:

Resistance: $0.265 – $0.270 (Breaking above this range could indicate a recovery)
Support: $0.250 – $0.245 (If this level breaks, more downside could follow)

Trade Strategy:

Buy Zone: $0.250 – $0.256 (If price holds support and shows signs of reversal)
Sell Zone: $0.265 – $0.270 (If price struggles to break above resistance)
Target: $0.275+ (If bullish momentum returns and resistance is cleared)

Market Sentiment:

$PNUT is under pressure after the long liquidations. If support at $0.250 holds, a bounce could follow. A failure to maintain this level may lead to more declines.

Stay cautious and manage risk effectively.

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