Peanut Cracks Under Pressure: $PNUT Short Liquidation at $0.75281!
A short position worth $1.203K on pnut has been liquidated at $0.75281, signaling a strong bullish breakout in the market.
This liquidation hints at growing momentum, with pnut pushing through resistance zones and forcing short sellers to exit.
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Key Details:
Liquidation Amount: $1.203K
Liquidation Price: $0.75281
Market Sentiment: Bullish breakout, with upward momentum building.
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Next Move:
1. For Bullish Traders:
If $PNUT stays above $0.755, consider entering long positions.
Set your targets at $0.780-$0.800, key resistance levels.
Protect your trade with a stop-loss at $0.740.
2. For Bearish Traders:
Wait for a rejection near $0.780-$0.800 before entering short positions.
Use a stop-loss at $0.810 to guard against unexpected bullish surges.
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Strategic Insights:
Breakout Continuation: Sustained trading above $0.755 could trigger more liquidations, fueling further upward momentum.
Reversal Zone: If the price fails to hold, expect a pullback to $0.740-$0.735, where bears could regain control.
$PNUT is on the move—momentum is high, and the market is ripe for decisive action. Stay sharp and trade wisely!