$PENGU Short Liquidation Alert.

Token: $PENGU

Liquidation Amount: $5.8311K

Price Triggered: $0.031004.

The shorts just got wrecked.

With a significant $5.8K liquidation at $0.03102, $PENGU is showing its strength in the market. Bears tried to push the price down, but the bulls turned the tables, forcing short traders to cover their positions.

What Does This Mean.

A short liquidation happens when traders betting on a price drop get forced to buy back their positions as the price rises, fueling bullish momentum.

This could signify growing buying pressure and a potential breakout.

What to Watch Next:

If $0.03102 holds as support, the bulls may push prices higher toward the next resistance levels.

However, keep an eye on market sentiment and volume to confirm the breakout.

Pro Tip for Traders:

Watch for consolidation near $0.03102 for a potential long entry if the bulls stay in control.

Keep your stop-loss tight and manage risk smartly, as sudden market reversals are possible.

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