$PENGU Short Liquidation: $5.3491K at $0.04075
PENGU just had a short liquidation of $5.3491K at a price of $0.04075.
This event could spark some price action, as short liquidations often lead to sudden moves.
Key Details:
Short liquidation: $5.3491K
Price at liquidation: $0.04075
Next Move:
Watch for a possible price surge as short liquidations can cause the price to rise quickly.$PENGU
If the price consolidates, it could continue moving higher if there’s buying momentum.
Support & Resistance:
Support: $0.035 (This level could act as a safety net if the price falls.)
Resistance: $0.045 (If PENGU hits this level, it may face resistance and could pull back.)
Buy or Sell?
If $PENGU bounces off support, it might be a good time to buy.
If it reaches resistance and faces difficulty breaking through, consider selling or waiting for a clearer trend.
Always be cautious with market swings.