$PNUT Long Liquidation: $55.3K Erased at $0.648!

A major shake-up has hit the $PNUT market as a $55,300 long position was liquidated at $0.648.

This sudden turn has sent ripples through the market, sparking concerns about what’s next.

Key Highlights:

1. Support Crumbled: The $0.648 level failed to hold, triggering a liquidation that wiped out a significant long position.

2. Bearish Momentum Rising: The sell-off shows growing selling pressure, making it a tough market for bulls to reclaim control.

3. Volatility Spikes: This liquidation reflects the risks of leveraged positions in an environment where sudden price swings can change everything.

What’s the Impact?

For Bulls: Exercise caution. $PNUT has lost a key support zone, and any new long positions should be carefully managed.

For Bears: This is your opportunity. The market looks weak, and further downside toward $0.640 or lower is possible.

For All Traders: Expect turbulence. Liquidations like this can lead to sharp moves in either direction as the market searches for stability.

This $55.3K liquidation is a stark reminder of how fast the market can turn.

PNUT traders should stay vigilant and prepared for the next big move it could define the trend in the days ahead!

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