$PNUT STRONG REBOUND BUT FACING RESISTANCE: BREAKOUT OR FAKEOUT?
$PNUT/USDT is trading at $0.3304, up +4.62% after a sharp bounce from $0.3091. Price is now pressing against short-term resistance levels with volume building—momentum is shifting, but confirmation is key.
Key Price Levels:
• Resistance Zone: $0.3330 – $0.3380
• Support Zone: $0.3250 – $0.3270
Trade Setup:
Bullish Scenario:
• Entry: Break above $0.3330
• TP1: $0.3380
• TP2: $0.3490 (24h High)
• SL: Below $0.3250
Bearish Scenario:
• Entry: Below $0.3250
• TP1: $0.3170
• TP2: $0.3090
• SL: Above $0.3330
$PNUT is recovering well, but buyers must push above $0.3330 to confirm a bullish continuation. Otherwise, rejection at resistance could invite renewed downside. Watch closely.
