$PNUT FREE-FALL STALLED – DEAD CAT BOUNCE OR REAL RECOVERY?
$PNUT is trading at $0.3923, down sharply from its 24H high of $0.4541, printing a -9.36% drop. The price has temporarily stabilized near its intraday low, but upside pressure is still weak.
Key Levels to Watch
Resistance Zones:
• $0.3980 – Immediate resistance
• $0.4050 – Minor rejection level
• $0.4200 – Major resistance from earlier range breakdown
Support Zones:
• $0.3876 – 24H low (temporary bottom)
• $0.3800 – Next possible support zone if breakdown continues
Trade Setup – Prepare for a Sharp Move
Bullish Entry:
A breakout above $0.3980 could trigger a recovery toward:
• TP1: $0.4050
• TP2: $0.4200
Bearish Entry:
A fall below $0.3876 would confirm weakness toward:
• TP1: $0.3800
• TP2: $0.3660
Stop-Loss:
• For longs: Below $0.3870
• For shorts: Above $0.3995
Watch closely for volume and candle confirmation before entering.
