$PNUT Short Liquidation Alert: Bulls Take Control!
Liquidation Details:
Liquidated Amount: $1,998.4
Trigger Price: $0.76333
What’s the Play?
This short liquidation signals bullish dominance, forcing sellers to cover at higher levels.
Momentum is building, and pnut is poised for sharp price action in the coming sessions.
Key Levels to Watch:
Resistance Zone: $0.770–$0.780 (a break above could trigger a rally).
Support Zone: $0.750–$0.760 (must hold to maintain bullish momentum).
Next Moves:
1. Bullish Scenario:
If $PNUT pushes above $0.770, expect a rally targeting $0.800–$0.820 as buyers pile in.
2. Bearish Scenario:
A failure to hold above $0.760 could lead to a pullback toward $0.740–$0.750, with increased selling pressure.
Stop Loss Recommendations:
For Long Positions: Place a stop loss at $0.750 to protect gains.
For Short Positions: Set a stop at $0.780 to avoid further losses in a potential squeeze.
The $PNUT market is heating up—brace for rapid moves and trade with precision!