$PNUT /USDT 4H Trade Setup
Market Insight:
$PNUT surged +11.48% with massive trading volume (981M PNUT, over 306M USDT). Price is now consolidating just below the recent high of 0.344, supported by strong buying above the 7/25/99 MAs. This is a classic bullish continuation pattern after a breakout from the 0.285ā0.295 base.
Entry Zone:
š¹ 0.305 ā 0.318 USDT
(Use dips toward the MA cluster for entries)
Targets:
šÆ T1: 0.345
šÆ T2: 0.372
šÆ T3: 0.398
Stop Loss:
ā 0.274 USDT
(Just below the last valid consolidation zone and MA(99) for structure protection)
Key Levels:
Support: 0.305 / 0.295 / 0.285
Resistance: 0.345 / 0.372 / 0.398
Pivot Zone: 0.317 ā 0.330
Pro Tip:
Look for a clean break and close above 0.345 on high volume for confirmation of momentum continuation. If volume fades at resistance, consider taking partial profits and re-enter on pullbacks.
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