$PNUT Wipeout: $71K Long Liquidated at $0.654 – Bulls Take a Hit!
The $PNUT market just witnessed a crushing $71K long liquidation at the critical level of $0.654, shaking the confidence of bullish traders.
With support breaking under pressure, this could mark the beginning of increased volatility or even a bearish trend reversal.
Key Details:
Token: $PNUT
Liquidated Position: $71,000
Liquidation Level: $0.654
Impact: The breakdown signals weakening buyer momentum, leaving bulls on the defensive.
Further downside is possible if no immediate recovery occurs.
Next Move:
1. For Traders:
Bulls: Focus on the next support zone (e.g., $0.640-$0.645).
A strong bounce from these levels with high volume could signal a reversal.
Bears: Keep an eye on lower lows forming; shorting opportunities may emerge if bearish momentum continues.
2. For Investors:
Avoid rushing in—wait for consolidation and signs of stability before adding to positions.
Use this as a chance to evaluate $PNUT’s fundamentals and long-term potential.
3. Market Sentiment:
Track whale activity and liquidation clusters; further liquidations could cause a cascading effect, amplifying price moves.
The bulls have taken a serious blow at $0.654, but is this the end, or a setup for a major comeback?
Stay prepared—$PNUT next move could define its short-term fate!
