$PNUT /USDC – BOUNCE FROM SUPPORT ZONE
NEAR 99 MA – POTENTIAL REVERSAL
WATCH FOR CONFIRMATION ABOVE SHORT-TERM MAs
$PNUT pulled back sharply from $0.2308 and found support near $0.2171 — just above the 99 MA ($0.2152). Now showing early signs of a base formation. A move above $0.2200 with volume could trigger a short-term trend reversal.
🟢 Long Setup
Entry: $0.2170 – $0.2190
Take Profit: $0.2270
Stop Loss: $0.2135
Market Outlook:
Reclaiming MA(7) and breaking above MA(25) will strengthen the bullish case. Tight range – high reward setup.
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