$PENGU Short Liquidation: Market Volatility Surges
A significant $1.4319K liquidation has just hit the books at $0.03828, marking a crucial turning point for $PENGU.
Short sellers are feeling the squeeze as bullish momentum builds rapidly, threatening to push prices higher.
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Key Details
Liquidation Size: $1,431.9
Liquidation Level: $0.03828
Market Sentiment: Bullish momentum intensifying as shorts are forced to exit.
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Next Move
1. Upside Target: A breakout above $0.03850 could open the door to a rally toward $0.04000-$0.04100.
2. Support Zone: In the event of a pullback, look for strong buying interest around $0.03750-$0.03780 for a potential re-entry.
3. Volume Surge: High trading volumes will confirm whether this is the start of a bigger move upward.
4. Trade Setup:
For Momentum Traders: Target quick gains at $0.03880-$0.04000 with tight stops.
For Swing Traders: Wait for confirmation of a breakout above $0.03850, then ride the trend higher.
$PENGU is at a critical juncture, with bulls showing strength and shorts losing ground.
The next few moves could define its trajectory—watch closely!