🚨 PENGU Short Liquidation Alert 🚨
A $10,176 short position on $PENGU was liquidated at $0.03619, signaling a sharp shift in market dynamics.
With short sellers flushed out, $PENGU may experience a rapid rise as buying pressure escalates.
Analyzed Trade Plan for $PENGU:
Entry Point: $0.0362
Target: $0.0380 (conservative) / $0.0400 (aggressive)
Stop Loss: $0.0345
Analysis:
Short liquidations often lead to a price squeeze, pushing PENGU higher as sellers are forced to cover their positions.
If $PENGU maintains momentum, it could quickly test and break key resistance levels.
Stay alert for volume spikes and sustained price movement to confirm strength before entering.
Take action, trade strategically, and manage your risk effectively.
