$PNUT Recently, a significant long liquidation took place with a liquidation value of $9.8314K at the price of $0.6272. This shows the power of market volatility and how quickly things can change.

What Happened.

A liquidation occurred when long positions (those betting on the price rising) were forced to close due to the price hitting their liquidation level. This caused a sharp price drop in $PNUT.

Next Steps. What to Watch For.

Price Action. After a liquidation event like this, the market might experience increased volatility as traders adjust their positions. The price could go either way it could recover quickly or continue down.

Volume. Keep an eye on trading volume. A higher volume after the liquidation suggests stronger momentum in the direction the price moves.

Buy Zone. Where to Enter.

Ideal Buy Zone. $0.5850 - $0.6000. This is a potential support zone where the price might stabilize and find buying interest.

Look for signs of price reversal or bullish candlestick patterns in this range.

Target Levels. Where Price Might Head.

1. First Target. $0.6750 If the price bounces from the support zone, it could test this level.

2. Second Target. $0.7000 This is a strong resistance level. If the trend continues upwards, this could be the next milestone.

3. Long-term Target. $0.7500 If the bullish trend sustains, $0.7500 might be in reach.

Stop Loss. Protect Your Investment.

Recommended Stop Loss. $0.5700 This is just below the support zone, acting as a safety net. If the price falls below this level, it might signal further downward movement, and exiting your position would minimize losses.

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