$PNUT Long Liquidation Alert.

Liquidations Spiked: A massive $15.99K was liquidated in long positions at a critical price level of $0.5676.

What Happened.

The sudden liquidation indicates a sharp price movement, likely triggered by:

1️⃣ Aggressive Selling Pressure: Bears might be overpowering bulls at this level.

2️⃣ Stop-Loss Hunts: Whales or market makers could be sweeping liquidity zones for a potential reversal.

3️⃣ Market Sentiment: Traders over-leveraged, leading to cascading liquidations.

Key Insights:

Support Zone: If $0.56394 fails, the next strong support could be around $0.5400.

Resistance Levels: To regain strength, $PNUT must break above $0.5800.

Volume Spike: A significant increase in trading volume could confirm a potential trend shift.

What’s Next for Traders.

For Bulls: Watch for a reversal candle or support retest around $0.5400.

For Bears: Targets could extend below $0.5400 if selling pressure continues.

Trading Strategy:

Buy Zone: Look for entries near $0.5400 with tight stop-losses.

Targets: Aim for $0.5800 and beyond if momentum shifts.

Stop-Loss: Below $0.5300 to minimize risks.

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