$PNUT Long Liquidation Alert

Liquidation Value: $4.5591K

Price at Liquidation: $0.7606

The market is heating up as $PNUT sees a massive long liquidation.

A whopping $4.5591K worth of positions were liquidated at a critical price point of $0.76264.

This shows a sharp reversal in price action, where traders holding long positions were forced to exit at a major support/resistance level.

Key Points to Watch:

Long Liquidations often signal a shift in market sentiment.

Price Movement: Watch for potential price swings as the market adjusts to the liquidation event.

Potential Reversal: After significant liquidations, the price might either bounce back or continue trending downwards depending on the overall market pressure.

What’s Next.

Traders should keep a close eye on support levels and upcoming resistance to determine the next move.

Be cautious of short squeeze potential if the market turns bullish after a liquidation.

Market Tip: Monitor any ongoing liquidation patterns as they could provide insight into broader market movements.

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