$PENGU Long Liquidation Alert: A sharp $5,784 worth of long positions have been liquidated at the critical level of $0.03428, signaling a wave of bearish dominance in the market!
This significant liquidation event highlights the intense selling pressure crushing over-leveraged bulls, forcing their positions to close.
Long liquidations often trigger a cascade of sell-offs, intensifying downward momentum and shaking out weak hands.
Bearish Momentum: Sellers have seized control, driving the price below key support levels and leaving longs in the dust.
Volatility Spike: Liquidations of this size often lead to heightened price swings, keeping traders on edge.
Psychological Pressure: The $0.034 level is becoming a crucial battleground for bulls and bears alike.
Key Levels to Watch:
Immediate Support: $0.0335 – A break below this could lead to further losses.
Resistance Zone: $0.035 – Bulls must reclaim this level to regain confidence.
Volume Activity: A surge in trading volume during the liquidation reflects heightened market tension and participation.
Will $PENGU find its footing, or is more downside ahead? With bearish momentum growing and longs retreating, traders are bracing for the next big move.
Stay sharp as the battle for #PENGU’s future unfolds!
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