🚨 $PNUT Long Liquidation Alert! 🚨

💥 Details:

Liquidation Amount: $16,184

Liquidation Price: $0.71027

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📉 What Happened?

A massive long position in $PNUT was liquidated at $0.71027, shaking up the market. The price is now testing key support levels—will it hold or continue lower? Let's break down the next steps for you!

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📊 Buy Zone:

$0.695 - $0.710 (Look for signs of a price bounce or stability within this range before jumping in)

🎯 Targets:

1. Target 1: $0.740

2. Target 2: $0.780

3. Target 3: $0.800

🛑 Stop Loss:

$0.680 (Exit if the price drops below this level to protect against deeper losses)

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💡 Trading Strategy for $PNUT:

1. Wait for Confirmation: Watch for a clear bounce or buying signals (such as green candles and rising volume) before entering the market.

2. Gradual Profit Taking: Take profits as the price reaches each target and adjust your stop loss upwards to protect your gains.

3. Risk Management: Never trade without a stop loss. Stay disciplined and stick to your plan to avoid emotional decisions.

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⚠️ Potential Market Scenarios:

Bullish Case: If PNUT holds support in the $0.695-$0.710 range, the price could rise to $0.740 and potentially test $0.800.

Bearish Case: If $0.695 breaks, expect a potential drop to $0.650 or lower, where fresh support might form.

🚀 Be Ready: $PNUT is in a volatile phase. Monitor the price carefully, manage your risk, and make sure you’re prepared for quick moves in either direction!

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