$PNUT Short Liquidation Alert!
A short squeeze just shook the market as $2,977.4 was liquidated at $0.69599.
Bulls are dominating, forcing shorts to cover, which could trigger further upward momentum.
Is pnut ready to crack resistance and fly higher?
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Key Details:
1. Liquidation Volume: $2,977.4
2. Liquidation Price: $0.69599
3. Market Sentiment: Bullish momentum after shorts got trapped.
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Next Move: Tactical Strategies
1. Long for Breakout:
Enter long positions if $PNUT breaks above $0.700, with a target range of $0.725-$0.750.
Monitor volume to confirm bullish continuation.
2. Wait for a Pullback:
A retrace to $0.680-$0.685 could offer a safer long entry. This level might act as strong support for the next leg up.
3. Short with Caution:
If $PNUT struggles to sustain above $0.700, consider a short position targeting $0.670—but only with clear rejection signals.
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Risk Management:
Stop Loss for Longs: $0.680
Stop Loss for Shorts: $0.710
This is a high-volatility zone, and quick decisions could lead to big rewards—or losses.
Keep a close watch on order flows and trend strength. Time to ride the wave or wait for the perfect entry!