$PNUT Long Liquidation Alert
Liquidation Breakdown:
A hefty $68,000 in long positions was liquidated as $PNUT tumbled to $0.718. Bulls failed to defend the key level, allowing bears to take control and trigger this liquidation cascade.
📉 Momentum Check:
Bearish Control: The downward pressure reflects a lack of buying strength and a possible shift in sentiment.
Support in Focus: If $PNUT breaks below $0.715, it could signal further downside, with $0.70 as the next critical zone.
Trading Insights:
Bearish Bias: Traders should watch for continuation patterns below $0.718.
Reversal Potential: A quick recovery above $0.72 might indicate a bounce, attracting fresh buyers.
Volatility is on the rise—pnut is at a crossroads. Will the bulls make a comeback, or is more pain ahead? Stay cautious!
