$PNUT Setting Up a Bullish Reversal - Stay Tuned for the Re-Test!
The price bounced from a strong support level near $0.2111 after a strong sell-off. The price is now consolidating and forming a potential reversal pattern. If it regains the key resistance areas, momentum could return quickly.
📊 Trade Setup (Buy Idea):
• Entry Zone: $0.2220 - $0.2235
• Stop Loss: $0.2111
• Take Profit 1: $0.2305
• Take Profit 2: $0.2385
• Take Profit 3: $0.2469
• Take Profit 4: $0.2520
📈 A breakout above $0.2230 could lead to continued bullish momentum. Strong demand areas below protect against downside risks.
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