📈LONG: $PNUT (12H)
Analysis:
$PNUT is tumbling, resembling a falling knife! 🚨 Currently at around $0.24, it's flirting dangerously with the $0.20 support level. Fibonacci levels suggest this is a key zone that if breached, might lead to further declines. Momentum is bearish unless it bounces off this critical point.
Price Targets:
If $0.20 holds, look for a bounce back towards $0.26 and potentially $0.30. However, if it breaks, brace for a dip to $0.18 or lower. Keep a close watch on how it navigates this crucial support to gauge the next steps!