$PENGU Short Liquidation Alert: A hefty $1.43K liquidated at $0.03127!
🚀 Bears in Trouble!
PENGU just powered through a key resistance level, triggering a short squeeze that sent the price soaring as shorts were forced to cover their positions.
📈 Key Insights:
Short Squeeze at $0.03127: This pivotal price point trapped shorts, creating massive buying pressure and sparking a sharp rally in PENGU’s price.
Bullish Momentum: The liquidation has shifted the market sentiment, with the bulls now firmly in control and pushing prices higher.
Explosive Volatility: Liquidation-driven rallies often lead to significant volatility, so expect the price to continue moving fast.
🔥 What’s Next for PENGU?
Next Resistance: Watch for resistance around $0.032–$0.033. If PENGU can break through this zone, we could see a further surge.
Support Watch: Keep an eye on the $0.031 range for signs of support. A pullback here could present another buying opportunity.
Market Indicators: Monitor volume and order flow to gauge whether the bullish momentum can sustain or if a reversal could be on the horizon.
💡 Pro Tip: Short squeeze rallies can create big moves but are also prone to sharp pullbacks. Make sure to manage your risk effectively as the market fluctuates.
Is PENGU set for a continued breakout, or will the bears attempt to take control again? The market’s on fire—stay alert for the next big move!