$PNUT What's Happening. The long liquidation of Peanut has been executed at $0.66616, amounting to a total of $5,086.2K. Liquidations like this can create price volatility and may affect both short term traders and long term holders.

What's Next for $PNUT.

1. Buy Zone. If you're looking to enter a trade, watch for a dip towards the $0.620 - $0.640 range. This area could provide good support if the price retraces after the liquidation. You can look for price action confirmation like a bounce or reversal pattern to confirm the entry.

2. Target. If $PNUT shows strong upward movement after bouncing, your next target could be around $0.750 to $0.780. This is a reasonable resistance area to watch for a potential exit or partial profit taking.

3. Stop Loss. To manage risk, it's important to set a stop loss below the support zone. A good stop loss level would be around $0.590. This helps minimize potential losses if the price drops further and doesn't bounce as expected.

Summary.

Buy Zone. $0.620 - $0.640

Target: $0.750 - $0.780

Stop-Loss: $0.590

Keep an eye on the market for sudden changes, as liquidations can cause sharp movements. Always manage your risk and trade wisely.

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