$PENGU
Short Liquidation: $1.8992K at $0.0422
#PENGU has witnessed a short liquidation worth $1.8992K at $0.0422, signaling potential bullish momentum as shorts are forced to cover their positions. This could lead to a further upward push if the buying pressure continues to build.
📈 Current Price Action: PENGU is holding steady at $0.0422. If the bullish momentum persists, we could see the price head toward $0.043, with $0.045 as the next key resistance level.
⚡ Volume Surge: Increased trading volume will be the key to confirming the strength of this bullish move. A strong uptick in volume could lead to a rapid price increase, driven by the short squeeze.
💡 Risk Management: Monitor support at $0.042. A dip below this level could signal a pullback, so make sure to adjust your stop-losses accordingly to minimize risk.
🚀 Upside Potential: If PENGU manages to maintain its momentum and break past $0.043, it could test $0.045 or even higher. The liquidation event could serve as a catalyst for an extended rally.
Stay sharp—PENGU's market is heating up, and opportunities are ripe in this volatile environment!