$PNUT Long Liquidation Alert
A long liquidation of $1,172.9 happened when #PNUT’s price dropped to $0.25722.
This means buyers (bulls) were forced to sell as the price moved lower, causing panic among traders.
This event could bring new opportunities as the market reacts.
What’s Next for #PNUT?
The price is currently in a critical zone. It could either bounce back from support or continue to drop. Here’s a detailed trading plan:
Buy Zone (Entry)
Zone: $0.248 - $0.255
If the price dips into this range, it’s a good area to start buying since it’s likely to act as strong support. Always confirm with price action before entering.
Target Levels (Take Profit)
1. Target 1: $0.270
A minor resistance level, ideal for securing small profits.
2. Target 2: $0.285
A medium-term target if the momentum continues upward.
3. Target 3: $0.300
This is a major psychological level that could act as a long-term target if bullish momentum grows.
Stop Loss
Level: $0.245
If the price falls below this, it indicates more selling pressure, and it’s safer to exit to protect your funds.
Market Analysis
Support: $0.248
This is the next key support level. If it holds, we could see a rebound.
Resistance: $0.270
A short-term hurdle. Breaking this level could lead to higher prices.
Risk Management
Never risk more than 2-3% of your portfolio on a single trade.
Set your targets and stop loss before entering the trade to avoid emotional decisions.
Keep an eye on trading volume; a spike in buying volume could confirm a reversal.
Watch broader market trends or news about #PNUT for unexpected moves.