Explosive Alert: Massive $PNUT Short Liquidation Strikes!
A $1,531.8 short position in $PNUT has just been liquidated at $0.83293, sending the market into a frenzy!
Short-sellers are getting squeezed as bullish momentum builds, potentially signaling the start of a major rally for this token.
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Key Details:
Liquidation Type: Short
Amount Liquidated: $1.5318K
Price Trigger: $0.83293
Market Shift: Bullish surge gaining traction.
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What's Happening?
This short liquidation suggests that $PNUT is gaining bullish strength, catching bears off guard.
As short positions unwind, buying pressure could intensify, propelling the price further up. The $0.83 level is now a critical pivot, with more upside potential if it holds.
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Next Moves:
1. For Buyers:
Watch for confirmation of a breakout above $0.84—this could trigger more buying momentum.
Set targets at $0.90 and $1.00, but be mindful of any pullbacks.
2. For Sellers:
Avoid new shorts—this market is showing bullish signs.
If you're already in a short, consider tightening your stop-loss and preparing for potential reversals if the price pushes higher.
3. For Day Traders:
Look for momentum continuation above $0.84. If volume increases, this could signal a strong rally.
Use small timeframes to catch swings and manage risk effectively.
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PNUT is on the move! The short squeeze has ignited a wave of buying, and if momentum builds, we could see a surge.
Will you ride the wave or wait for a pullback?
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