🚨 $PNUT /USDT ALERT: Bearish Pullback – Is It Time to Enter for a Reversal? 🚨
$PNUT has dropped -10.29% in the last 24 hours, now trading at $1.3167 after testing a low of $1.2593. With the price below the MA(7) level of $1.3901, there is a potential for further downside movement. Let’s break down the key levels and targets for this possible retracement.
📊 Key Levels to Watch:
Resistance: $1.3951 – Watch for a breakout above this level to confirm upward momentum.
Support: $1.2593 – This support level is critical. A bounce from here could lead to a potential reversal, while a breakdown might indicate further downside.
🎯 Target 1: $1.3849 – Immediate target for a potential short-term recovery.
🎯 Target 2: $1.3951 – Watch for a breakout above this level, which could trigger a surge.
🎯 Target 3: $1.5301 – This is the next resistance level to watch if the trend turns bullish.
$PNUT is showing strong volatility, and these levels can provide an excellent opportunity for traders looking to capitalize on the next move!
