$PONS just delivered a sharp reminder of how risky leveraged shorts can be. A $1.4271K short liquidation hit at $0.66344 as price moved against sellers. While the liquidation volume is smaller than some major market moves, $1.4271K is still enough to show that leveraged positions are getting caught. The action around $0.66344 could bring more attention to PONS in the short term. Traders will be watching to see whether buyers can keep the momentum going or if the move starts to cool down.
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