🚀$PNUT /USDT Market Update – Bullish Momentum but Key Resistance Ahead🤔🔐👇🔥
1H Chart (Short-term View)📊
$PNUT Price is currently at 0.2611, showing a strong upward momentum from the 0.24 zone.
EMA alignment is bullish (short-term EMA above mid & long-term EMAs).
RSI at 67.81 is close to overbought, suggesting a possible short-term pullback or consolidation.
Immediate support lies near 0.2500, with resistance at 0.2650 – 0.2700.
1D Chart (Mid-term View)📊
Daily candle has broken above the 0.2528 (50 EMA) and 0.2479 (short EMA) levels, signaling a potential trend reversal.
Current major resistance is 0.2645 (200 EMA). If broken and closed above, next upside target could be 0.2800 – 0.3000.
RSI is at 53.25, leaving room for more upside before overbought territory.
Trading Plan ( Bullish Bias)🔥
Entry Zone: 0.2500 – 0.2550 (if price retests support)✅
Targets: 🎯
0.2650
0.2800
Stop-loss: Below 0.2450
Duration: Short to mid-term (1–2 days hold)
Caution: Watch for rejection near 0.2650–0.2700, as it aligns with both short-term resistance and daily 200 EMA.
💡 If 0.2650 breaks with strong volume, the rally could accelerate. However, avoid chasing if RSI goes above 75 on the hourly — wait for a healthy pullback.