$PNUT /USDT Technical Outlook (30-Min Chart) 🔥📈

After a brief but sharp pullback, the market is showing signs of a strong recovery, suggesting a solid buyer interest and potential for further bullish momentum. Currently, the price stands at $0.7626, inching closer to a crucial resistance level that could pave the way for a bullish breakout.

Ideal Entry Point:

A buy opportunity arises once the price breaks and holds above $0.7700, confirming the bullish trend.

Target Levels:

First Target: $0.8000 – A potential immediate upside.

Second Target: $0.8200 – An extension if momentum remains strong.

Risk Management:

For managing downside risk, place a stop loss just below the $0.7450 level.

Market Insight: The quick rebound seen after the dip highlights the strength of the market participants and the likelihood of a continuation towards higher levels. A decisive breakout above $0.7700 will likely trigger further buying pressure, with $0.8000 as the first key resistance to challenge. Should the price fail to breach $0.7700, consolidation around the $0.7500 region might be expected before a clearer direction is determined. Keep an eye on price action for confirmation before taking action.

Current Price: $0.7651 (+1.05%)

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