$PNUT

Market Structure:

Bullish Breakouts:

The price made significant upward moves, breaking previous highs.

Marked black horizontal lines indicate structural breakouts.

Pullbacks & Retests:

After breaking key levels, the price retraced to previous support zones before continuing upward.

Key Areas:

Supply Zones (Resistance):

Highlighted in gray at the top where price experienced strong rejection after a spike.

These zones indicate potential selling pressure.

Demand Zones (Support):

Marked in gray at the bottom and middle, representing areas where buyers previously stepped in.

Recent Trend:

The latest move shows a liquidity grab ($$$) followed by a sharp drop, indicating possible short-term weakness.

Conclusion:

The chart suggests a bullish market structure but also highlights key resistance zones.

If the price holds above the mid-support zone (~0.17-0.18 USDT), a continuation upward is possible.

A breakdown below the lower support may shift momentum bearish.

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