Breaking News on $PNUT :
A long liquidation of $6.1913K happened at $0.61913, highlighting increased market volatility for this token.
Key Details:
pnut is a micro-cap token known for its integration in niche DeFi projects.
The liquidation indicates bearish pressure as traders exit their long positions.
Next Move Prediction:
Bearish Bias: Price might face more downside if it breaks support, but a recovery is possible if buying activity strengthens.
Support & Resistance Levels:
Support: $0.6000
Resistance: $0.6300
Suggested Trading Plan:
Buy: If $PNUT holds above $0.6100 and shows signs of recovery with increasing volume.
Sell: Exit or short if the price falls below $0.6000, signaling further declines.
Hold: Stay neutral if the price consolidates between $0.6000 and $0.6300 without a clear trend.
Stop-Loss:
Set a stop-loss at $0.5900 to manage downside risks effectively.
Monitor $PNUT closely, as low-cap tokens can experience sharp moves. Plan your trades wisely!