$PNUT Long Liquidation Alert đ¨
A $8.7987K long liquidation just hit at $1.22154! This could spark significant market movement for $PNUT. Are you ready to act? Letâs dive into the full analysis.
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Whatâs Happening?
This liquidation event suggests that bulls have been squeezed, opening the door for:
1. A potential recovery if buyers reclaim control.
2. Further downside if bears maintain their dominance.
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Buy Zone đ
The key buy zone for $PNUT is $1.180 - $1.210. This range has served as strong support previously and could attract buyers looking for a reversal.
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Targets đŻ
Target 1: $1.260 (Immediate resistance)
Target 2: $1.320 (Mid-term target with solid selling interest)
Target 3: $1.400 (Psychological resistance and key breakout level)
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Stop Loss đŤ
Set your stop loss at $1.150 to protect your position. A break below this level could signal a deeper decline, potentially toward $1.100.
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Whatâs Next?
If $PNUT holds the buy zone: A bounce could push the price toward $1.260 or higher, depending on momentum.
If it falls below $1.150: Expect a retest of lower supports around $1.100 - $1.050.
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What to Watch For:
1. Volume: Watch for a spike in buying volume around the buy zone.
2. Market sentiment: Broader market trends, especially Bitcoin, could impact $PNUTâs direction.
3. News and updates: Keep an eye out for developments in the PNUT ecosystem or DeFi space.
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â ď¸ Disclaimer: This is not financial advice. Always do your own research and trade cautiously. Manage your risks in this volatile crypto market!
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