$PNUT Liquidation Alert:
Long positions worth $50.6K were liquidated at $1.0106. Here's the breakdown:
Key Highlights:
Liquidation Surge: $PNUT reached $1.0106, triggering a significant liquidation of $50.6K in long positions.
Bearish Shift: The sharp drop indicates increasing selling pressure and potential continuation of the downtrend.
Market Volatility: This liquidation reflects heightened volatility, with further price movement likely depending on support levels.
Next Move:
Short-Term Strategy: Watch $0.95 for critical support. A failure to hold this level could lead to further downside.
Risk Management: Tight stop-loss orders are crucial, and look for signs of reversal or stabilization around $1.00.
Stay vigilant and adjust your strategy accordingly!
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