$PNUT Short Liquidation: $27.7K at $0.73547
#PNUT has seen a massive short liquidation of $27.7K at $0.73547, signaling a powerful shift in market dynamics. This liquidation event could trigger significant upside movement as shorts scramble to cover.
📈 Current Price Action: PNUT is holding strong at $0.73547, and with shorts under pressure, we may see a rapid rally toward $0.75 or higher. The liquidation creates room for a bullish run, especially if buying pressure continues.
⚡ Volume Surge: A surge in volume would confirm the strength of the move. Watch for increased buying as this liquidation event could spark a sharp upward movement toward $0.75 and possibly $0.80.
💡 Risk Management: Keep an eye on the $0.73 support level. A drop below this could signal a pullback, so ensure your stops are in place to manage risk effectively, especially with such volatile price action.
🚀 Upside Potential: If the price holds above $0.735 and breaks through $0.75, we could see a test of $0.80. A strong continuation could push PNUT to even higher levels, especially with shorts being flushed out.
The market is reacting fast—this short squeeze could create rapid price shifts. Stay alert and capitalize on the potential volatility!