A massive $49.156K long liquidation just took place at $0.35651, as over-leveraged bulls got crushed by the sudden price drop. The bears have taken control for now, leaving the market shaken and traders cautious about what’s next.
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What Happened?
Liquidation Type: Long (bullish positions wiped out)
Liquidation Price: $0.35651
Market Sentiment: Bearish pressure forcing bulls to retreat
This liquidation shows significant selling pressure at critical levels, but it might also be creating opportunities for sharp reversals if buyers step in.
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What’s Next?
Buy Zone:
Look for entries between $0.3200 - $0.3500 during consolidation. This range could serve as a strong support zone for a rebound.
Target Levels:
First Target: $0.4000 (a psychological resistance level)
Second Target: $0.4500 (if bullish momentum builds further)
Stop Loss:
Place your stop loss at $0.3000 to protect against further downside in case the bearish trend continues.
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Key Insights:
Watch for volume spikes near the buy zone to confirm a potential reversal.
If $PNUT breaks below $0.3200, the bearish trend could deepen, so stay cautious.
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Final Thoughts: $PNUT is in a critical zone where it could either stabilize and climb or fall further if selling pressure persists. Keep your strategy tight and manage your risks carefully. Will you catch the rebound, or will the bears keep cracking $PNUT?
Just like the 20% drop after the same ATH and then the new ATHs rose from 7K to 62K breathlessly, despite the expectation of ATH renewal and decline, as ADA went from 0.35 to 1.35, came back 1 click and rose to 3.
Journey to #xai I made my second big purchase at 0.3885. I'll buy you as you go down, my average is 0.67, eventually you'll put it above 2 USD, if you don't go down, where are the #xai investors?