๐ $PNUT Price Analysis ๐
๐ Key Levels to Watch
Resistance: $0.2300 ๐ฅ โ A breakout here could push #PNUT๐๐๐๐๐๐๐๐๐ toward $0.2500 and $0.2750 ๐.
Support: $0.2000 ๐ โ A breakdown below this could signal further downside to $0.1800 and $0.1600 ๐.
๐ Market Indicators
Parabolic SAR: Currently bearish ๐ป, but showing signs of a potential trend shift ๐.
MACD: Weak bullish momentum ๐, slight crossover forming.
Volume: Increasing volume ๐ indicates renewed buying interest! ๐ฅ
๐ ๏ธ Trade Setup
Long Entry: Above $0.2300 ๐ฅ, targeting $0.2500 and $0.2750 ๐.
Short Entry: Below $0.2000 ๐, targeting $0.1800 and $0.1600 ๐.
Stop Loss: $0.2150 to manage risk โ ๏ธ.
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๐ก Market Outlook: $PNUT is at a critical point! If it breaks above $0.2300, it could trigger a rally toward $0.3. However, a breakdown below $0.2000 may lead to further pullbacks. Watch those levels closely ๐!