🚨 $PENGU LONGS JUST GOT WIPED OUT 🚨
🔴 $17.305K Long Liquidation at $0.00626
A fresh wave of long liquidations around $0.00626 shows that leveraged buyers were caught on the wrong side of the move. When long positions get flushed this aggressively, the market can enter a critical decision zone where sellers test whether weaker hands are fully cleared.
📍 Support: $0.00610–$0.00620
🛑 Key Breakdown: $0.00600
📈 Resistance: $0.00645–$0.00660
⚡ Major Resistance: $0.00680
🎯 NEXT TARGETS:
Target 1: $0.00645
Target 2: $0.00660
Target 3: $0.00680
Extended Target: $0.00710
If $PENGU reclaims $0.00645 with strong volume, the liquidation could become fuel for a recovery toward the higher targets. But losing $0.00600 would weaken the setup and could trigger another round of long liquidations.
💡 PRO TIP:
Don’t chase the first bounce after a liquidation spike. Wait for confirmation, watch volume, and let $PENGU prove that support has actually turned into demand.
🔥 Liquidations create volatility — disciplined traders wait for the direction.
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