$PENGU Liquidation Overview
Short liquidation occurred at $19.377K with a price of $0.04132. This highlights significant market movement, and traders should be aware of potential volatility.
Entry Point:
Enter short positions around $0.04132. This price point aligns with recent liquidations and can provide a strategic entry for those looking to capitalize on downward momentum.
Target:
Look for a price target around $0.035. This target is based on historical support levels and recent price action, making it a reasonable target for a short trade.
Stop Loss:
Set a stop loss at $0.045 to manage risk effectively. This level represents a critical resistance point and helps minimize losses in case the price moves against the position.
Key Considerations:
Keep an eye on $PENGU ’s price movements, as the liquidation spike can lead to further volatility. Adjust positions as needed based on market trends and updates. $PENGU