$PNUT
Shorts Squeezed!
A $2.17K short position on $PNUT was liquidated at $0.61266, signaling strong bullish momentum. This short liquidation shows that buyers have taken control, potentially paving the way for more upward movement.
Key Observations:
Bullish Momentum: The liquidation reflects intensified buying pressure, forcing shorts to cover their positions.
Potential Upside: If sustained, this momentum could drive $PNUT toward the next resistance level.
PNUT Technical Breakdown:
Resistance Level: $0.6300
Support Zone: $0.6000
Momentum: Bullish, with upside potential if buyers maintain pressure
Will pnut continue its ascent, or will resistance at $0.6300 slow the rally? Keep an eye on trading volume and breakout signals!