$PENGU Long Liquidation Alert
A massive long liquidation just occurred: $2,745.6 at a price of $0.02746.
Key Details:
1. Liquidation Trigger: $PENGU price hit $0.02746, wiping out a significant long position.
2. Market Sentiment: The liquidation suggests heavy sell pressure or weak support at this level.
Next Move:
Short-Term Traders:
Watch for $0.02700 as a potential next support level. If it breaks, expect further downside.
Consider shorting on resistance retests, but ensure stop-loss levels are tight.
Buyers:
Look for reversal signs around key support zones (e.g., $0.02700).
If the price stabilizes, this could be a solid entry point.
Risk Management:
Volatility is high—trade cautiously with proper position sizing.
Avoid over-leveraging.
Pro Tip: Monitor market sentiment closely and keep an eye on whale movements.
A sudden pump could reverse the narrative!