🟡 $PNUT - 50-Day Falling Wedge Breakout… and Retest? 👀
On the daily, price still looks bearish—needs to reclaim the $0.2440 resistance to flip the script!
Key support:
$0.2150 | $0.1960 | $0.1800
🧨H4 chart: Ascending channel or just a bear flag? [Chart 2]
Still uncertain if bulls can push through, buying under these key levels = high risk! ⚠️
🟥If we close daily under $0.2100, I’m watching for a possible dip toward $0.1850 support.
On the flip side, as long as we consolidate above $0.2050, bulls have hope! 🐂
🟥My take:
After a 50-day falling wedge breakout, I’d expect a stronger bull reaction. Seeing weakness here makes me lean towards another dump before any real breakout!
Are you buying the dip or waiting for confirmation? Drop your PNUT play below!👇
