$PNUT Short Liquidation: $20.181K at $1.06239!
Overview:
Type: Short Liquidation
Liquidated Amount: $20.181K
Price Level: $1.06239
What Happened?
PNUT’s price spiked, forcing short sellers to close positions at $1.06239.
This liquidation added strong buying pressure, driving prices upward and boosting bullish momentum.
What’s Next?
1. Key Levels to Watch:
Resistance: $1.10 – A break above this could aim for $1.15.
Support: $1.00 – Holding this level will keep bulls in control.
2. Market Sentiment:
Bullish: Growing demand and liquidations favor further price gains.
Next Target: $1.10 and $1.15 if momentum continues.
3. Trading Strategy:
For Buyers: Look for dips near $1.00 for safer entries.
For Sellers: Wait for a confirmed rejection near $1.10 before shorting.
Conclusion:
PNUT’s strong surge signals bullish dominance.
Watch for $1.10 breakout potential and keep $1.00 as a critical support level. Trade with caution and stay focused on price action!