#PONKE Liquidated Long: $110K at $0.368
In a high-stakes move, a $110K long position in #PONKE was liquidated at the critical price of $0.368.
The position, which was riding a bullish trend, faced sudden market pressure, resulting in a dramatic liquidation.
Entry Point:
The PONKE long was entered at $0.368, anticipating a breakout based on bullish momentum.
Target:
Traders were targeting a breakout towards $0.40, with hopes of a sustained rally into higher price zones.
Stop Loss:
To manage risk, the stop loss was placed at $0.355, but market volatility hit hard, triggering the liquidation before the price could recover.
Crypto trading remains a game of fast moves and quick decisions—be prepared for the next wave!