$PNUT Short Liquidation Sparks Explosive Rally!
Liquidation Amount: $2,461.20
Liquidation Price: $0.70321
Bulls Smash Resistance as Bears Are Wiped Out!
What Just Went Down?
The PNUT market turned into a battlefield as the price surged to $0.70321, obliterating $2.4K in short positions.
Over-leveraged bears were caught off guard, igniting a short squeeze that sent shockwaves through the market.
Why This Is a Game-Changer:
1. Short Squeeze Ignited:
With shorts liquidated, bulls have taken the wheel, potentially setting the stage for an unstoppable rally.
2. Resistance Shattered:
Breaking through $0.70 is a major milestone, turning it into a support level and boosting confidence in a sustained uptrend.
3. Momentum Surge:
Traders are piling in, with FOMO driving a surge in buying volume.
$PNUT is now the talk of the market!
What’s Next for $PNUT?
Bullish Outlook:
With shorts wiped out, PNUT could target the next resistance levels at $0.72 and $0.75.
Key Levels to Watch:
Resistance: $0.7200, $0.7500
Support: $0.7000
Trading Strategy: High volatility ahead! Momentum traders might capitalize on the rally, while risk-averse players wait for consolidation.
This $PNUT short liquidation is a defining moment for the bulls, but the story isn’t over.
Will PNUT continue its ascent, or will the bears regroup for a counterattack? Either way, the market is on fire—don’t blink, traders!