$PNUT
Short Liquidation Alert: $1.5535K at $0.70199
PNUT’s bulls are on the rise, forcing $1.5535K worth of short positions to liquidate at $0.70199. This liquidation marks a surge in upward momentum, with the price now eyeing potential breakout levels.
1️⃣ Bullish Scenario: If PNUT sustains its push above $0.70, the next targets lie at $0.72 and $0.75, with a chance to extend further if buying pressure remains strong.
2️⃣ Bearish Risk: A failure to maintain momentum could result in a pullback toward $0.68 or $0.66, testing lower support zones.
Market Insight:
The short liquidation has added fuel to the bullish rally, increasing volatility.
Watch for follow-through buying to confirm the strength of the uptrend.
Trading Strategy:
Set stop-losses below $0.695 to safeguard against sharp reversals.
Look for breakout opportunities above $0.705 for potential quick gains.
PNUT’s upward drive is gaining attention—stay alert for further price action and capitalize on market momentum!