$PNUT traders, a massive $100K long liquidation just occurred at $1.002, setting the stage for a potentially wild ride.
The market is primed for quick action.
Entry Point: The $1.002 level has been tested, and with liquidations spiking, this is a crucial point for entry. Watch for a clear bounce or breakout above this level to confirm the bullish move.
Target: If momentum shifts in your favor, target $1.05 as the first resistance level. A break above could open the path to $1.10.
Stop Loss: Place your stop loss around $0.95 to manage risk effectively. If the price falls below this level, further downside could be in play.
$PNUT is in a volatile zone—will you act fast enough to capitalize on the next move?