$PNUT Long Liquidated: $60.8K at $0.743 – Major Shakeup!
A massive $60.8K long position in $PNUT was just liquidated at $0.743, sending ripples through the market.
This sudden move indicates increased volatility and might be the precursor to a more intense downtrend.
Traders should be ready for big swings as the market finds its footing.
Key Details:
1. Liquidation Amount: $60.8K (long position)
2. Liquidation Price: $0.743
3. Market Sentiment: Bearish shift as liquidation triggers selling pressure.
Next Move Suggestions:
For Traders Holding Long Positions:
Tighten your stop-losses to safeguard against further downside risk.
Consider exiting if $0.735 holds as a resistance, but remain flexible in case of a rebound.
For Short Sellers:
Look for resistance at $0.75–$0.755 to enter short positions if the downward momentum continues.
Be cautious of a potential short squeeze if price pushes above $0.76.
For Opportunists:
Consider buying on dips around $0.73–$0.735 for a potential short-term bounce.
Set alerts at $0.70–$0.72 to capture potential deeper retracements if bearish pressure mounts.
The $60.8K liquidation at $0.743 is a key moment for $PNUT.
If the bears gain control, a significant downward move could follow, but a strong support level could spark a bounce.
Watch closely, adapt to the price action, and adjust your strategy accordingly.
How do you plan to navigate this? Let’s make sure you’re ready for the next move!