$PENGU Long Liquidation: $9.5369K at $0.01214
Explanation:
Longs were liquidated around $0.01214, showing traders bought into a weak bounce. This signals lack of buyer confidence at current levels, allowing prices to pull back for liquidity collection.
Next Move:
Market likely retests lower support to hunt more long stops before any fresh recovery attempt.
Targets:
TG1: $0.01172
TG2: $0.01115
TG3: $0.01060
Pro Tip:
Avoid longing weak bounces. Always wait for volume-backed breakout or strong support reaction before entering.
