$PNUT Long Liquidation Chaos!

PNUT Liquidated Long:

Amount: $55,800

Liquidation Price: $1.431

PNUT traders saw their hopes crushed as $55.8K in long positions were liquidated at $1.431!

The sudden drop reflects intense bearish control, sweeping out overleveraged positions and sparking uncertainty in the market.

With PNUT now battling to stabilize, the question remains: Can the bulls regain their footing, or will the bears drive it lower?

→ What Triggered the Liquidation?

1. Bearish Rejection:

PNUT failed to sustain its momentum and reversed sharply.

2. Overleveraged Traders:

Longs with high exposure were forced out, accelerating the downward move.

3. Market Sentiment Shift:

Broader market weakness amplified the bearish pressure.

Current Value Analysis

If above $1.431: $PNUT could aim for recovery, with resistance at $1.450 and $1.480.

If below $1.421: Further declines could target $1.400 and $1.370 as key support levels.

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What’s Next for PNUT?

1. For Bulls: Focus on reclaiming $1.450 to shift momentum upward and regain control.

2. For Bears: If PNUT remains below $1.421, expect further downside toward $1.400 or even $1.370.

→ Key Move:

Volatility is at its peak—position yourself wisely!

Will PNUT stage a recovery or continue its descent? Let’s strategize!

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