$PNUT /USDT
๐ PNUT/USDT Trade Setup (Short-Term)
๐ Key Price Levels
LevelDescription0.239124h High / Resistance0.2203โ0.2343Resistance Zone0.2095Current Price (Support Test)0.2003Next Support0.1815Major Support / Breakdown Risk
๐งฉ Trade Idea: Bounce from Support
โ Long Setup (Bounce Play)
Entry: Between 0.2050 โ 0.2095
Stop-loss: Below 0.1990
Target 1: 0.2200
Target 2: 0.2340
Target 3 (High-risk): 0.2450+
๐ Risk/Reward: Roughly 1:2 to 1:3, depending on entry and exit.
โ Invalidation / Bearish Setup
If price breaks down below 0.1990, consider:
Short Setup
Entry: On breakdown retest of 0.2000
SL: Above 0.2090
Target: 0.1815
๐ ๏ธ Notes:
Volume spike near 96M PNUT shows strong recent activity โ likely trader attention.
Down -11.79%: Could be due for a relief bounce, but trend is currently bearish.
Watch for bullish candles (hammer, engulfing) on 15m/1h around 0.205โ0.210 for entry confirmation.
Use tight risk management, especially with high-volatility/meme tokens like PNUT.
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