$PNUT / USDT – Riding High, Watching for Consolidation or Continuation

$PNUT is currently trading at $0.4213 after a significant surge. While showing some recent pullback, it remains close to its 24-hour high of $0.4693, indicating strong overall bullish momentum.

Trade Setup (Observational):

Potential Support Zone: $0.4100 - $0.4250

Target 1 (If Consolidation Breaks Up): $0.4500

Target 2 (If Momentum Continues): $0.4700+

Stop Loss (Depending on Entry): Below potential support ($0.4000 area).

After such a strong uptrend, watching for signs of healthy consolidation before considering further entries. A break above the recent high could signal continued momentum, while a drop below potential support might indicate a deeper correction. High volume remains a key factor to monitor.

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