$PNUT EXPLOSIVE SURGE STALLING: BREAKOUT AHEAD OR TIME TO COOL OFF?
$PNUT is trading at $0.2717, up a massive +57.78% today, showing strong momentum. But price is now consolidating under resistance, with volume flattening. The next few candles will likely define the next big move.
Key Price Levels:
• Resistance Zone: $0.2765 – $0.2840
If buyers break above this level, the rally could continue toward:
• TP1: $0.2930
• TP2: $0.3050
• Support Zone: $0.2680 – $0.2590
Losing this zone may trigger a steeper correction toward:
• TP1: $0.2480
• TP2: $0.2340
Trade Setup – Prepare for Directional Break:
• Bullish Entry: Break above $0.2765 with increasing volume
• Targets: $0.2930 and $0.3050
• Stop-Loss: Below $0.2680
• Bearish Entry: Breakdown below $0.2590
• Targets: $0.2480 and $0.2340
• Stop-Loss: Above $0.2765
Momentum is still high—but this squeeze won’t last long.