$PENGU Long Liquidation $5.0755K at $0.01141
Long traders were liquidated as $PENGU fell to $0.01141, showing that buyers failed to maintain support and bulls were forced to exit their positions. The market dropped enough to trigger stop-outs of long leveraged positions, adding extra downward pressure.
Market Overview
Long liquidations during a drop can accelerate selling pressure as traders exit their losing positions, giving sellers temporary control in the short term.
Low Levels to Watch
S1: $0.01090 — first support
S2: $0.01032 — deeper liquidity zone
S3: $0.00975 — possible break point
Professional Tip
After heavy long liquidations, wait for stability or volume reversal before entering new trades. Sharp declines often recover, but only strong demand confirms a real recovery.
$PENGU
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