$PNUT CRITICAL ZONE: BOUNCE OR BREAKDOWN AHEAD?
PNUT is trading at $0.3299, attempting to recover from a steep sell-off. Price is now testing short-term resistance, and the next move will decide whether bulls reclaim control or bears continue the slide.
Key Levels to Watch:
• Resistance: $0.3400 – A clean break above this zone could open room for further upside.
• Support: $0.3220 – Losing this level may accelerate the drop toward lower demand zones.
Trade Setup – Brace for a Sharp Move!
Bullish Scenario:
• Entry Trigger: Break and close above $0.3400
• Target 1 (TP1): $0.3600
• Target 2 (TP2): $0.3800
Bearish Scenario:
• Entry Trigger: Break below $0.3220
• Target 1 (TP1): $0.3050
• Target 2 (TP2): $0.2850
Stop-Loss (Risk Management):
• Longs: Below $0.3220
• Shorts: Above $0.3400
Volume Watch:
3.02M – decent activity, but a breakout needs stronger confirmation.