$PNUT Long Liquidation: $18.625K at $0.76368 What’s Next?

The recent liquidation of $18.625K at $0.76368 for has caught attention.

If you’re planning to trade $PNUT, here’s a breakdown of what might come next and how you can approach it.

What Happened.

The liquidation of $18.625K means that a large amount of was sold off at the price of $0.76368.

This could signal a potential price drop or consolidation in the short term.

What’s Next for $PNUT.

1. Market Sentiment: After a liquidation there could be volatility.

The price might dip further or start a rebound depending on buying pressure and market sentiment.

2. Key Levels to Watch: We need to pay close attention to support and resistance levels for guidance on where the price might go next.

Buy Zone:

Ideal Buy Zone: Around $0.700 to $0.725. This is where $PNUT might find support and if buying pressure kicks in we could see a reversal.

Why This Zone: If the price retraces to this area it may present a buying opportunity especially if we see volume spikes or bullish signals.

Target (Profit Zone):

First Target: $0.80

Second Target: $0.85

These levels are key resistance points. Once $PNUT reaches these we might see some selling pressure but it’s where we could lock in profits.

Stop Loss:

Stop Loss: Set at $0.675. This protects you from further downside if the market doesn’t rebound as expected.

Things to Keep in Mind:

Risk Management: Always use stop losses and manage your position size to protect against large losses.

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