🔥 $PNUT Liquidation Alert: $11.726K Liquidated at $0.70076! What's Next?

$PNUT just witnessed a sharp short liquidation worth $11.726K at the price level of $0.70076. This spike hints at possible strong market movement ahead. Let’s break it down for you and identify the potential next steps.

Market Scenario Analysis

1. Current Sentiment:

The short liquidation signals a sudden bullish push, as sellers were forced out.

Buyers may take control, pushing the price higher.

2. Key Levels to Watch:

Immediate Resistance: $0.72

Support Zone: $0.65

Potential Trading Plan

📈 For Buyers (Long Position):

Buy Zone: $0.68 - $0.70

Target 1: $0.75

Target 2: $0.80

Stop Loss: Below $0.65 (to limit risk)

📉 For Sellers (Short Position):

Short Zone: Near $0.75 (if resistance holds)

Target 1: $0.70

Target 2: $0.68

Stop Loss: Above $0.78

Things to Watch Out For

Volume: Increased buying volume could confirm a breakout.

RSI Levels: Overbought RSI (>70) could signal a pullback.

News: Any updates related to $PNUT might influence sentiment.

This is not financial advice. Please do your own research and manage your risks carefully. Markets can be unpredictable, so always trade wisely!

What's your trading move? Let's discuss!

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