$PNUT /USDT

🔍 PNUT/USDT Trade Setup (Short-Term)

📊 Key Price Levels

LevelDescription0.239124h High / Resistance0.2203–0.2343Resistance Zone0.2095Current Price (Support Test)0.2003Next Support0.1815Major Support / Breakdown Risk

🧩 Trade Idea: Bounce from Support

✅ Long Setup (Bounce Play)

Entry: Between 0.2050 – 0.2095

Stop-loss: Below 0.1990

Target 1: 0.2200

Target 2: 0.2340

Target 3 (High-risk): 0.2450+

📈 Risk/Reward: Roughly 1:2 to 1:3, depending on entry and exit.

❌ Invalidation / Bearish Setup

If price breaks down below 0.1990, consider:

Short Setup

Entry: On breakdown retest of 0.2000

SL: Above 0.2090

Target: 0.1815

🛠️ Notes:

Volume spike near 96M PNUT shows strong recent activity — likely trader attention.

Down -11.79%: Could be due for a relief bounce, but trend is currently bearish.

Watch for bullish candles (hammer, engulfing) on 15m/1h around 0.205–0.210 for entry confirmation.

Use tight risk management, especially with high-volatility/meme tokens like PNUT.

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