Market Alert: $PNUT Liquidation Update!
A long position worth $102K has been liquidated at $0.692. This highlights growing selling pressure and a potential shift in market momentum.
....Support & Resistance Levels:
Support: $0.680 – Critical zone for buyers to defend; a break below could lead to further declines.
Resistance: $0.700 – Immediate ceiling; bulls need to reclaim this level for a recovery.
... What’s Next?
1= If PNUT holds above $0.680, a rebound toward $0.700–$0.710 could occur. Consider short-term buys on confirmation with tight stop-loss at $0.675.
2= If $PNUT breaks below $0.680, expect a dip toward $0.660 or lower. Look for shorting opportunities if bearish momentum strengthens.
Pro Tip:
Monitor volume spikes for clues on trend reversals.
Stick to your risk-reward strategy; avoid overleveraging in this volatile market.
Stay alert and follow your trading rules!