🚨 $PNUT Coin Market Update – Critical Support Level 🚨
🔹 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.
🔹 Key Technical Levels to Watch:
✅ Immediate Support: Currently holding at $0.13, but there’s a risk of breaking down.
✅ Stop Loss Level: If the price dips below $0.1284, set stop-loss orders to protect your position.
✅ Potential Buy Zone: If the price maintains this level, we could see a bounce back to the $0.14 - $0.15 range.
🔹 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.
🔹 Market Sentiment:
If we lose the current support, further downside is likely.
However, if the support holds, there’s potential for a strong upward move.
🔹 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.
💬 What’s your strategy with PNUT Coin? Are you holding or waiting for confirmation of the bounce? Let’s discuss below! 👇 #PNUTCoin #CryptoMarket #CryptoAnalysis