$PNUT Short Liquidation Alert: A powerful $5,618.80 worth of short positions have been liquidated at $0.69299, triggering a massive surge in bullish momentum!
This liquidation highlights the strength of the buying pressure as shorts are forced to close out their positions, fueling the rise of $PNUT . Short liquidations like this create a ripple effect, often propelling the price higher as market participants rush to cover their positions, adding more fuel to the fire.
Bullish Breakout: The $0.692 level has become a strong pivot point, leading to increased buying activity and momentum.
Short Squeeze in Play: Forced short closures are amplifying the bullish pressure, setting the stage for a potential breakout.
Rising Sentiment: With shorts scrambling, market sentiment is turning more bullish, attracting fresh buyers into the market.
Key Levels to Watch:
Resistance Level: $0.70 – A breakout here could send #PNUT into a new price range, creating a potential rally.
Support Zone: $0.68 – A solid hold above this level is crucial for the continued upward momentum.
Volume Surge: A sharp increase in trading volume suggests that this price movement has the potential to accelerate further.
Will #PNUT continue its upward trajectory, or will the bears make a comeback? With shorts on the run and bulls driving prices higher, all eyes are on the next potential breakout. Stay tuned to see if #PNUT can sustain this bullish push!
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