Breaking News: $PNUT Short Liquidation Spikes.
The cryptocurrency market just witnessed a thrilling liquidation event.
A significant short liquidation of $7,695.10 occurred at the key price level of $0.7580 for $PNUT.
Here’s what this means:
Short Liquidation: Traders betting against $PNUT (short sellers) were forced to close their positions as the price surged past $0.76189.
Impact: This massive liquidation indicates strong bullish pressure, suggesting buyers are overpowering sellers.
What’s Next for $PNUT?
1. Current Momentum:
The price crossing $0.76189 could indicate a breakout, attracting more buyers.
2. Resistance Levels:
Watch for resistance around $0.80 and $0.85.
3. Support Levels:
If the price retraces, look for support near $0.75 or $0.73.
Pro Tip: Always set stop-loss levels to manage your risk effectively, as the market remains volatile.
Stay tuned for further updates as the $PNUT market heats up.