Massive Short Liquidation in
$PNUT The crypto market just witnessed an explosive moment for
$PNUT , where shorts were wiped out with a liquidation worth $5,057.9 at a price of $0.7082.
This intense move indicates strong bullish momentum as bears got caught in a whirlwind. The surge beyond $0.71359 has left many traders scrambling to adjust their positions.
Key Details:
Liquidation Amount: $5,057.9
Trigger Price: $0.71359
Implication: Short sellers betting on the price drop were forced to close their positions, signaling heavy buyer activity at this level.
What’s Next.
1️⃣ Buy Zone: If the price consolidates above $0.71359, look for entries between $0.71–$0.72 for a potential breakout.
2️⃣ Targets:
Target 1: $0.75
Target 2: $0.80
3️⃣ Stop Loss: Place a stop-loss around $0.68 to manage risk.
Thrill in the Market.
This move is a classic example of how volatile and rewarding crypto trading can be. With short liquidations driving momentum, bulls are clearly in control.
Stay sharp, traders—momentum can shift quickly, and the thrill of the chase is real.
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