PNUT/USDT (4H) – Bull Flag Breakout Setup
Pattern: Bull Flag 📉📈
Timeframe: 4-Hour ⏱️
Pair: PNUT/USDT 💱
Published: June 10, 2025 📅
Technical Overview:
PNUT/USDT is forming a classic bull flag on the 4-hour chart following a strong impulsive rally. The price has been consolidating inside a descending channel — a typical continuation structure in bullish trends. Currently, the price is testing the upper trendline resistance, signaling potential breakout pressure building up 🔥
Potential Trade Setup:
Bullish Scenario ✅
Entry: On a confirmed breakout and close above the flag resistance (\~0.3000)
Targets:
* First target at 0.4200 🎯
* Second target at 0.5000–0.5200 zone 🎯
Stop-loss: Below recent swing low (\~0.2500) 🛑
Risk Management ⚠️
If PNUT gets rejected at the upper trendline and fails to break out, it could revisit the lower channel support near 0.2300. Look for a volume spike on breakout for added confirmation 📊
Conclusion:
PNUT is at a key decision point. A clean breakout above the descending channel could unlock a fresh bullish wave. As always, wait for confirmation and manage your risk accordingly 🔍📈