🌀 Does PNUT hide an upward explosion or another collapse? 🤔💰
📊 On the PNUT/USDT chart (4 hours), we notice the formation of a potential double bottom near 0.214 with a neckline at 0.238–0.240, which is a very critical level!
✅ If it closes above, we may see a surge towards 0.262–0.266 and perhaps higher.
⚠️ But caution is required: any break below 0.223 weakens the pattern, and breaking 0.214 could bring us back to 0.200–0.193.
🔎 RSI indicators at 57 give a neutral leaning towards positive, and the price is above EMA7 but still below EMA99, which means the market has not yet determined its direction.
🎯 Your opportunity? Waiting for a close above 0.240 to confirm the rise, with a strict stop loss below 0.228.
🚨 The market is now in a “no mercy” zone between greed and fear… Who do you think will win? 👇
