$PNUT STRONG REBOUND, BUT AT A CROSSROADS – BREAKOUT OR FAKEOUT?
$PNUT/USDT is currently trading at $0.3304, up +4.62% after a sharp rebound from the recent low of $0.3091. Price is now challenging key short-term resistance, with increasing volume signaling a potential momentum shift. However, confirmation is still needed.
Key Levels to Watch:
Resistance Zone: $0.3330 – $0.3380
Support Zone: $0.3250 – $0.3270
Trade Setup:
👉🏻Bullish Case:
Entry: Above $0.3330
Take Profit 1: $0.3380
Take Profit 2: $0.3490 (24h high)
Stop Loss: Below $0.3250
👉🏻Bearish Case:
Entry: Below $0.3250
Take Profit 1: $0.3170
Take Profit 2: $0.3090
Stop Loss: Above $0.3330
$PNUT is showing signs of recovery, but a decisive breakout above $0.3330 is needed to confirm bullish continuation. Failure to do so could result in another move lower. Stay alert and manage your risk.
