$PENGU Short Liquidation Alert
Liquidation Amount: $1,211
Liquidation Price: $0.03414
---
Key Details:
1. Short Liquidation Spike: $1.21K worth of pengu short positions were liquidated at $0.03414, showcasing a sudden surge in bullish momentum.
2. Resistance in Focus: The $0.03414 level may turn into a critical support if the bullish sentiment continues to dominate.
3. Possible Short Squeeze: Liquidations of this magnitude could trigger a chain reaction, forcing additional shorts to cover and propelling the price higher.
---
Next Move Suggestions:
1. Monitor $0.03414: If $PENGU stays above this level, it could signal the start of a sustained upward trend.
2. Scalp Long Opportunities: Consider entering small long positions on pullbacks, with tight stop-losses below $0.03414.
3. Stay Cautious of Reversal: If bullish momentum weakens and the price drops below $0.03414, a reversal could occur. Be ready to pivot quickly.
4. Analyze Volume: Strong buying volume near $0.03414 supports the bullish case, while weak volume might indicate a false breakout.
5. Set Tight Stops: Use trailing stop-losses to lock in profits during volatile movements.
---
Pro Strategy:
Track Whale Activity: Watch for large buy orders around $0.03414—this could confirm accumulation by stronger players.
Look for Breakouts: A move above the next resistance zone could signal further upside, creating fresh opportunities.
Be Patient: Avoid rushing into trades without confirmation of the trend's strength.
$PENGU bulls are pushing hard—stay alert for the next big move!