BlockchainBaller
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Bearish
$PNUT sleeping Giant or Fading Hype❓will #PNUT wake up, or is it losing relevance❓$PNUT /USDT has been struggling to regain momentum, hovering near key support levels after failing to sustain breakouts. The price action suggests low confidence, but any volume spike could reignite bullish momentum. If #PNUT holds above its critical support, a recovery could be on the horizon. However, without fresh buying pressure, it risks further consolidation or decline.....$PNUT /USDT Crashes to New Lows – Will Buyers Step In❓#PNUT /USDT is currently trading at 0.1445, plummeting 16.18% in the last 24 hours. The price has hit a daily low of 0.1435, showing extreme bearish momentum. If support holds, a rebound may be possible, but further breakdowns could trigger panic selling.
Key Levels to Watch:
Resistance: 0.1491 – A move above this could push PNUT toward 0.1563.
Support: 0.1435 – Losing this level could send PNUT to 0.1418 or lower.
Trade Setup:
Long Entry: Above 0.1455, targeting 0.1491 and 0.1563.
Short Entry: Below 0.1435, aiming for 0.1418 and 0.1380.
Stop-Loss: Place stops at 0.1425 for longs and 0.1465 for shorts.
Market Outlook:
PNUT has been on a steep decline, with selling pressure still dominant. Watch for a potential reversal signal or further breakdown confirmation.
Key Levels to Watch:
Resistance: 0.1491 – A move above this could push PNUT toward 0.1563.
Support: 0.1435 – Losing this level could send PNUT to 0.1418 or lower.
Trade Setup:
Long Entry: Above 0.1455, targeting 0.1491 and 0.1563.
Short Entry: Below 0.1435, aiming for 0.1418 and 0.1380.
Stop-Loss: Place stops at 0.1425 for longs and 0.1465 for shorts.
Market Outlook:
PNUT has been on a steep decline, with selling pressure still dominant. Watch for a potential reversal signal or further breakdown confirmation.
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