š $PNUT USDT BULLISH REVERSAL ā READY FOR A STRONG COMEBACK
$PNUT has bounced strongly from its support zone near 0.2174, indicating a potential bullish reversal. The price action shows that buyers are stepping in aggressively to reclaim higher levels, aiming for a retest of key resistances.
š¹ Trade Setup (Long Entry)
Entry Zone: 0.2300 ā 0.2312
Take Profit 1: 0.2360
Take Profit 2: 0.2542
Take Profit 3: 0.2573
Stop Loss: 0.2174
š Market Outlook
Momentum is shifting in favor of bulls after defending the major support. Break and hold above 0.2360 will accelerate the move towards 0.2542 and 0.2573. Failure to hold above 0.2300 may push price back towards 0.2174 support for retesting.
ā ļø Risk Management
Trade with strict stop loss and position sizing to manage volatility risk effectively.