$PENGU Bulls Wiped Out: Major Long Liquidation Alert!
A notable R$1.737,7 in long positions was liquidated at the crucial price level of R$0,0336, shaking confidence in R$PENGU's upward momentum.
This liquidation highlights intensified market volatility and growing bearish pressure.
Key Details to Watch:
1. Support Cracked: The R$0,0336 level has been breached, indicating potential weakness and a lack of buying power at this range.
2. Low Liquidity Asset: $PENGU smaller market size amplifies price swings, making liquidations like this even more impactful.
3. Bearish Sentiment: With long traders caught off guard, sellers may push the price toward the next key support zones.
Suggested Next Move:
For Short Sellers: Look for opportunities to capitalize on momentum.
Target the R$0,033 or R$0,0325 levels, but beware of quick rebounds.
For Long Traders: Wait for consolidation and confirmation of support before re-entering.
A break back above R$0,034 with volume could signal recovery.
For Day Traders: Leverage the heightened volatility by trading within tight ranges, but keep stop-losses firm due to rapid price movements.
$PENGU next move could define its short-term trend—stay sharp and ready to act!