$PNUT #PNUT Long Squeeze! $58.7K Wiped Out at $0.167**
A massive **long position just got obliterated**, as **$58.7K vanished** at **$0.167**! This kind of **forced liquidation** can spark chain reactions, leading to either **further breakdowns or sharp rebounds**.
📉 **Market Implications:**
- **Bearish Outlook:** If sellers gain control, PNUT could slide toward **$0.155-$0.160**, testing lower demand zones.
- **Bullish Rebound:** If market makers absorb liquidity, we might see a **short-term bounce** back toward **$0.175-$0.180**.
⚠ **Strategy Alert:**
- **High risk?** Avoid chasing entries blindly—wait for confirmation.
- **Smart play?** Watch for a potential **reversal pattern** before jumping in.
Momentum is shifting fast—stay sharp!