$PNUT Short Liquidation Thunderstrike!

A $163K short position has just been liquidated in the $PNUT market at a dazzling price of $0.767!

This massive liquidation marks a major turning point, with the bulls taking the lead and sending $PNUT’s price to new heights.

Bulls Take Full Control

The liquidation shows strong buying momentum, as short-sellers are forced to cover, pushing $PNUT higher.

The bulls are clearly in charge, driving the market with unstoppable force.

Key Details to Watch

1. $0.767 Price Level: This is now a key price point to watch. It could become support, allowing PNUT to continue its rise, or act as resistance if the market consolidates.

2. Surge in Volatility: A liquidation of this size often triggers more price swings, creating opportunities for traders to jump in on the next big move.

3. Rising Confidence in PNUT: This liquidation shows that confidence in PNUT is growing, with more buyers entering the market and pushing prices higher.

What’s Next for PNUT?

Bullish Breakout: If the bulls continue their momentum, PNUT could easily target $0.80 or beyond, fueling even more excitement in the market.

Possible Pullback: A small retracement could happen, but strong demand at $0.767 may act as support, allowing PNUT to continue its rise.

Pro Tips for Traders

Watch $0.767: This is the price to watch closely.

If it holds as support, PNUT could push higher, but if resistance forms, a pullback may be in the cards.

Risk Management: With volatility ramping up, make sure to use stop-loss orders and avoid over-leveraging to protect your positions.

Monitor Volume: Increased volume will confirm whether the bullish trend is strong enough to push PNUT higher or if it will lose steam.

PNUT is making waves! Will the bulls continue to push it higher, or is a reversal on the horizon?

Stay tuned for the next explosive move in this market!

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