Explosive $PNUT Short Liquidation!
$138K Short Position Liquidated at $1.408!
The crypto markets have been rocked by a massive liquidation in $PNUT , with a $138K short position getting wiped out at $1.408!
This sudden surge in price triggered a frenzy of automatic buy orders, setting off a chain reaction that forced out anyone betting on the downside.
Traders who thought they could ride the bearish wave were caught completely off-guard, as $PNUT ripped through resistance levels, sending shorts scrambling to cover their positions.
This event highlights the incredible volatility in play—when a market moves fast, positions can get liquidated in the blink of an eye!
Key Takeaways:
Short Squeeze Madness: A sudden price rally can quickly force out shorts and lead to even more explosive moves.
Risk Management Matters: This is a perfect example of why keeping risk in check is crucial—short squeezes can happen without warning!
Momentum Shift: Is PNUT on the verge of a breakout?
This liquidation could be just the beginning of a bullish trend as more traders jump in.
With PNUT making waves, the question remains—will this price surge continue, or is it just a temporary spike before a pullback?
Keep an eye on the charts, this market is far from finished!
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