Market Analysis for $PNUT 💯💥
The recent liquidation of $61.1K at $0.413 suggests a significant short squeeze, indicating bullish momentum. A potential Bull Flag pattern is forming, signaling continuation of the upward trend.
Long Entry: $0.415 (confirmation above resistance)
Target: $0.450
Stop Loss: $0.402
Short Entry: $0.400 (break below support)
Target: $0.370
Stop Loss: $0.415
Market Bias: Bullish above $0.413 as buyers dominate. Watch for consolidation near $0.410-$0.420 for the next breakout.