$PENGU Long Liquidation Alert!
A huge liquidation just rocked the market as a long position worth $5,992.9 was wiped out at the critical level of $0.03746!
This sharp move down has left bulls reeling while bears take control.
Bearish Breakout: The $PENGU price drop below $0.0375 triggered cascading liquidations, amplifying the downward momentum.
Long Squeeze: Over-leveraged longs couldn’t hold their ground, forcing liquidations and deepening the sell-off.
Increased Volatility: The liquidation injected a surge of trading activity, leading to fast and furious price action.
Support Watch: Eyes are now on the $0.036-$0.037 zone. Will it hold, or are lower levels imminent?
Risk Management: Traders are urged to tighten stop-losses and manage positions as volatility spikes.
Bearish Momentum: If sellers maintain pressure, the next support could become the bulls' last line of defense.
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