$PNUT tested the support area and bounced back. The long position is now over 7% profitable from our entry. You can consider adding more if the price drops to the support area again.
Resistance Area: $0.3080-$0.3200
Sultan Trades
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$PNUT analysis:
Price is currently trading within a large triangle pattern and is respecting the support and resistance levels. You can open a long position if the price drops to the support area. A breakout from this triangle will determine the next move.
Support Area: $0.2150-$0.2180
Resistance Area: $0.3080-$0.3200
#Pnut #FOMCMeeting #ETHCorporateReserves
Price is currently trading within a large triangle pattern and is respecting the support and resistance levels. You can open a long position if the price drops to the support area. A breakout from this triangle will determine the next move.
Support Area: $0.2150-$0.2180
Resistance Area: $0.3080-$0.3200
#Pnut #FOMCMeeting #ETHCorporateReserves
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