🚨$PNUT Approaching Critical Decision Zone – Bounce or Breakdown?
$PNUT is currently hovering near the lower trendline of the ascending channel on the 4H timeframe. A bounce from this support could ignite a bullish reversal.
If momentum kicks in, here are the upside targets to watch:
• Target 1: $0.2280 – First resistance zone
• Target 2: $0.2360 – Mid-channel resistance
• Target 3: $0.2485 – Channel top and key breakout level
However, a clean break below $0.2190 could invalidate the setup and invite downside pressure. Keep your eyes peeled — this level could decide the next big move.
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