Major Shakeup: $PENGU Long Liquidation at $0.04039 Rocks the Market
A hefty $1.4944K long position in pengu has been liquidated at $0.04039, signaling a shift in sentiment and adding fuel to potential downside pressure.
This liquidation could trigger further selling, opening the door for cautious traders to act swiftly.
Key Details:
Liquidation Amount: $1.4944K
Liquidation Price: $0.04039
Market Sentiment: Bearish momentum with potential for a deeper pullback
Next Moves:
1. Track for Weakness: Watch closely for $PENGU to break below $0.04039. If this level doesn't hold, expect more selling pressure.
2. Consider Shorting: If $PENGU fails to find support and drops below $0.04039, consider a short position, targeting the next support level around $0.038.
3. Stop-Loss Management: Set a stop-loss just above $0.041 to manage your risk while positioning for further downside.
Stay sharp—the market is volatile, and quick decisions could make the difference!
