๐$PNUT Breakout Watch: Momentum Building Up Above Key Levels๐๐
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.
๐ 24H Range:
High: $0.2883
Low: $0.2495
Whatโs Happening?๐จโ๐ซ
$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:๐๐
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.
๐ Updated Strategy Plan (Short-Term Scalping to Mid-Term Momentum):
๐ Entry Zone: $0.2800โ$0.2830 (on dips or retests)
๐ฏ Target 1: $0.2880 (previous high)
๐ฏ Target 2: $0.2950 (4H structure resistance)
๐ 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.
๐ง โDonโt chase the green candle. Buy logic, not FOMO. The pullback is where patience pays off.โ
๐ This analysis is for educational purposes only. Do your own research before making financial decisions.
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