Huge $PENGU Long Liquidation Alert.
A massive long liquidation of $24.594K just occurred at $0.035977 on the market.
This sudden liquidation is a major market event that could shake things up.
What does this mean.
Long Liquidation: This means that traders who were betting on the price going up (long positions) were forced to exit as the price fell to $0.03582, triggering stop losses and liquidations.
Market Impact: Such large liquidations often result in significant price fluctuations, and traders are watching closely for the next move.
Key Numbers:
Liquidation Amount: $24.594K
Liquidation Price: $0.03582
What’s Next.
Will $PENGU recover and retest higher levels? Or is this the start of a downward trend.
Watch for potential support at lower levels and resistance around previous highs.
Stay alert, because the $PENGU market can be highly volatile after liquidations like this. Make sure to manage risk and follow price action closely.
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