Pnut/USDT - Breakout & Retest Analysis
Pnut/USDT has broken out from horizontal resistance, and a retest is currently in progress. If the retest holds, we can expect a strong move towards $0.4 - $0.5.
Bullish Scenario:
Successful retest and holding above the resistance zone should confirm further upside towards $0.4 - $0.5.
Bearish Scenario:
If price fails to hold the breakout level, we may see a pullback and retest of lower levels.
Pro Tip:
Avoid excessive longs. Wait for clear retest confirmation before entering.
Set proper risk management to protect your trades.
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