$PENGU Bulls Wiped Out: Major Long Liquidation Alert!
A notable $1,737.7 in long positions was liquidated at the crucial price level of $0.0336, shaking confidence in $PENGU's upward momentum.
This liquidation highlights intensified market volatility and growing bearish pressure.
Key Details to Watch:
1. Support Cracked: The $0.0336 level has been breached, indicating potential weakness and a lack of buying power at this range.
2. Low Liquidity Asset: $PENGU smaller market size amplifies price swings, making liquidations like this even more impactful.
3. Bearish Sentiment: With long traders caught off guard, sellers may push the price toward the next key support zones.
Suggested Next Move:
For Short Sellers: Look for opportunities to capitalize on momentum.
Target the $0.033 or $0.0325 levels, but beware of quick rebounds.
For Long Traders: Wait for consolidation and confirmation of support before re-entering.
A break back above $0.034 with volume could signal recovery.
For Day Traders: Leverage the heightened volatility by trading within tight ranges, but keep stop-losses firm due to rapid price movements.
$PENGU next move could define its short-term trend—stay sharp and ready to act!