๐จ $PNUT Coin Market Update โ Critical Support Level ๐จ
๐น Current Support Zone:
PNUT Coin is holding steady at a critical support level. The market cap stands at $141 million, with a strong $157 million trading volume today, indicating active trading. It's available on major exchanges like Coinbase, Kraken, and others.
๐น Key Technical Levels to Watch:
โ Immediate Support: Currently holding at $0.13, but thereโs a risk of breaking down.
โ Stop Loss Level: If the price dips below $0.1284, set stop-loss orders to protect your position.
โ Potential Buy Zone: If the price maintains this level, we could see a bounce back to the $0.14 - $0.15 range.
๐น Risk vs. Reward:
A 5-7% risk if the price falls below the support, but a potential upside if the bounce happens.
No clear buyback signal yet, but short-term bounce might still be possible on the 2-day chart.
๐น Market Sentiment:
If we lose the current support, further downside is likely.
However, if the support holds, thereโs potential for a strong upward move.
๐น Conclusion:
If you're looking to enter, consider buying at the current level but ensure to set stop losses below $0.1284 for protection. Keep an eye on how the price behaves around this support area for further action.
๐ฌ Whatโs your strategy with PNUT Coin? Are you holding or waiting for confirmation of the bounce? Letโs discuss below! ๐ #PNUTCoin #CryptoMarket #CryptoAnalysis