Major Liquidation Alert: $PNUT Bulls Hit Hard!
A massive $77.3K in long positions liquidated as $PNUT fell to $0.586. This marks a critical loss for bullish traders who failed to defend the support level.
Market Dynamics: Sellers are now in firm control, creating intense downward pressure. The breakdown below $0.586 suggests the coin may test lower levels soon.
Key Levels to Watch:
Immediate Support: $0.55 – A potential bounce zone where buyers could regroup.
Major Danger Zone: If $0.55 fails, the price could crash to $0.50 or lower.
Possible Upside: A quick recovery above $0.59 could signal a reversal, but strong volume is needed to shift momentum.
What to Do Now:
1. For bulls: Wait for a confirmed reversal before entering.
2. For bears: Tighten stops and ride the momentum.
$PNUT is at a turning point—stay vigilant and trade wisely!