đĽ Short Liquidation Alert! đĽ
$PENGU just saw a huge short liquidation of $20,584 at the critical level of $0.04235. This event could ignite major volatility as traders reposition themselves. Are you ready for the next big move? Letâs break it down!
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Key Levels to Watch
1ď¸âŁ Buy Zone: $0.04100 - $0.04250
This zone could attract buyers looking to capitalize on the liquidation event. Watch for price stabilization or bullish signals like a breakout above $0.04250 with strong volume.
2ď¸âŁ Target 1: $0.04500
If $PENGU bounces from the buy zone, this will likely be the first resistance level to test. Partial profit-taking here can be a smart move.
3ď¸âŁ Target 2: $0.04800
With enough bullish momentum, could rally toward this secondary target, offering significant gains for swing traders.
4ď¸âŁ Stop Loss: $0.04000
A break below this level may signal bearish pressure. Placing a stop here can help protect your capital in case of unexpected downside.
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Whatâs Next for $PENGU?
đš Bullish Scenario:
The short liquidation might have cleared out weaker sellers, setting up a reversal. If the price holds above $0.04200 and breaks $0.04500, we could see a strong upward push.
đš Bearish Scenario:
If $PENGU fails to hold $0.04100 and breaks below $0.04000, it could signal further downside, potentially testing lower support at $0.03800.
đ Pro Tip: Keep an eye on trading volumeâa surge in volume near the buy zone could indicate strong buying interest. Patience is key; wait for confirmations before entering a trade.
This is NOT financial advice. Always do your research and trade responsibly based on your risk tolerance.
Whatâs your plan for $PENGU? Are you riding the next wave or watching from the sidelines? đ Letâs trade smart and win big!
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