$PNUT /USDT â Oversold Bounce Incoming? đ„
Current Price: $0.2769 (-19.46%)
Quick Snapshot:
After a brutal -19% drop, $PNUT is attempting a minor bounce from its intraday low of $0.2688. Traders might eye this for a relief move.
Key Levels:
Support: $0.2680
Resistance: $0.2950
Smart Trading Play:
Entry Zone: $0.2740 â $0.2780 (only if bounce sustains)
TP1: $0.2900
TP2: $0.3080
TP3: $0.3250
Stop Loss: $0.2650
Market Insight:
High 24H volume and strong dump usually hint at a possible short squeeze or dead cat bounce. This is a risky but potentially rewarding scalp if momentum flips.
Pro Tip:
Only trade this setup on bullish volume confirmation. Use tighter stops, especially on meme coins with high volatility.
â ïž Caution: This is a high-risk setup. Manage size and trail stops if it spikes!
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