Alert: $PNUT Short Liquidation Sparks Market Buzz!
A $1.0108K short position has just been liquidated at $0.70391, shaking up the pnut market!
Key Details:
Asset: $PNUT
Liquidation Amount: $1,010.8
Liquidation Price: $0.70391
What This Means:
This liquidation highlights increasing bullish pressure, likely driving shorts to cover.
With this trigger, pnut could see a surge in buying activity, potentially breaking key resistance levels and creating opportunities for sharp upward moves.
Next Steps:
1. Key Resistance Zone: Keep an eye on $0.72—if breached, $PNUT could rally toward $0.75 or higher.
2. Volume Watch: Check if trading volume increases post-liquidation. Strong volume may confirm sustained momentum.
3. Strategic Moves:
Go long if price consolidates above $0.70391, targeting $0.72 or more.
Use a tight stop-loss near $0.70 to protect against sudden reversals.
Final Note:
$PNUT is heating up—this could be the start of a significant move.
Stay vigilant and trade strategically to maximize potential gains!