๐Ÿš€$PNUT Breakout Watch: Momentum Building Up Above Key Levels๐Ÿ”๐Ÿ‘‡

After showing consistent buying pressure and a clean EMA retest, PNUT/USDT is now trading at $0.2830, up +10.16% in the last 24H.

๐Ÿ“Š 24H Range:

High: $0.2883

Low: $0.2495

Whatโ€™s Happening?๐Ÿ‘จโ€๐Ÿซ

$PNUT is riding a bullish structure with a solid push above its 20EMA on the 1H and 4H chart. Price action formed a minor consolidation above $0.27, hinting at bullish accumulation just below the resistance zone.

Key Indicators:๐Ÿ”‘๐Ÿ“‰

MACD: Increasing histogram bars, showing strengthening bullish momentum.

RSI (1H): Around 65.46 โ€“ bullish but not overheated.

EMA Cross: Price holding above both 20 and 50 EMA; short-term trend favoring bulls.

๐Ÿ” Updated Strategy Plan (Short-Term Scalping to Mid-Term Momentum):

๐Ÿ“Œ Entry Zone: $0.2800โ€“$0.2830 (on dips or retests)

๐ŸŽฏ Target 1: $0.2880 (previous high)

๐ŸŽฏ Target 2: $0.2950 (4H structure resistance)

๐Ÿ›‘ Stop-loss: $0.2700 (below EMA and support line)

If bulls maintain volume above the $0.28 zone with closing confirmation on 4H, we may see a fast retest of the upper resistance trendline near $0.30. Avoid chasing highs; let the pullback offer opportunity.

๐Ÿง  โ€œDonโ€™t chase the green candle. Buy logic, not FOMO. The pullback is where patience pays off.โ€

๐Ÿ“Œ This analysis is for educational purposes only. Do your own research before making financial decisions.

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