$PNUT Long Liquidation Alert
đ„ Liquidation Amount: $17,433
đ Liquidation Price: $1.15743
A long liquidation just hit PNUT, wiping out $17.43K at $1.15743! The bulls have been caught off guard as the market takes a sharp downturn, forcing long positions to exit and fueling the bear run.
Whatâs Driving This Drop?
1ïžâŁ Bearish Shift: After a period of upward momentum, PNUT faced resistance, leading to a swift reversal that trapped longs.
2ïžâŁ Long Squeeze in Action: With over $17K in long positions liquidated, more selling pressure is likely, pushing the price lower as more traders close positions.
3ïžâŁ Market Volatility: Liquidations of this scale can lead to dramatic price movementsâbrace for volatility as the market adjusts.
Whatâs Next for PNUT?
Support: $1.10âThis is a critical level to watch for any signs of recovery. A break below could trigger further declines.
Resistance: $1.20âFor the bulls to regain control, this level will need to be reclaimed.
đ Traderâs Insight:
For Bears: Watch for more downside if the price breaks below $1.10. Momentum could continue pushing lower as the long squeeze persists.
For Bulls: Be cautiousâwhile there may be opportunities for a bounce, this could be a volatile period. Wait for signs of stabilization before re-entering.
đ„ The Big Question: Is PNUT headed for further declines, or will we see a bounce from key support levels? Drop your insights and strategies below as we track this intense long liquidation!