$PNUT $PNUT

Price Action:

The price has dropped from its peak of 2.5000 and is now consolidating around 1.1453.

Upside Targets:

A breakout above EMA(7) (1.2628) could push the price toward 1.7415 (recent resistance) and potentially retest 2.5000 if bullish momentum strengthens.

Downside Targets:

If selling pressure resumes, immediate support is around 1.0913 (24-hour low).

A breakdown below this level could lead to a deeper drop toward 0.8632 or lower.

For Bulls:

Wait for a confirmed breakout above EMA(7) (1.2628) and higher volume before entering long positions.

Target 1.7415 with a stop-loss below 1.0913.

For Bears:

Consider shorting if the price fails to reclaim EMA(7) and breaks below 1.0913. Target 0.8632.