$PENGU Short Liquidation Alert.

Massive Short Squeeze Unfolding.

A massive short liquidation of $1.8971K has been triggered at the price of $0.043464

This marks a critical point in the market, with short positions getting squeezed, forcing liquidations.

Here's what this means:

1. Short Squeeze in Action: A significant amount of short positions were liquidated as the price hit $0.04243, potentially leading to a surge in buying pressure. This could push prices higher in the coming hours.

2. Market Sentiment: The liquidations indicate a shift in market sentiment, possibly signaling more upward momentum if the buying pressure continues.

3. Potential Buy Zones: The liquidation zone could be a strong support level for future price action. Watch for bounce opportunities around $0.04243.

4. Target Levels:

Immediate Target: Look for a potential move towards $0.05 or even higher if the momentum continues.

Resistance to Watch: The price may face resistance at around $0.045, so keep an eye on this level for any signs of reversal.

5. Stop Loss Suggestion: If you decide to enter the market based on the short squeeze, consider a stop-loss just below $0.04 to protect against a potential pullback.

Key Takeaway: The short liquidation at $0.04243 suggests the possibility of further upward movement, especially if more short positions are squeezed out. Be vigilant, trade wisely, and keep your risk management in place.

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