🚨 ALERT: $PNUT Testing Crucial Levels – Action Needed! 🚨
$PNUT is trading at $1.2431, showing signs of potential movement as it rebounds from recent lows. The 30-minute chart highlights a volatile pattern with strong momentum expected soon.
💡 Key Levels to Watch:
📈 Resistance Levels:
1. $1.2800 – Immediate resistance. Breaking this could open the doors for a rally.
2. $1.3200 – Strong resistance and a critical level for confirming bullish momentum.
3. $1.3566 – The 24-hour high. Surpassing this would indicate a significant breakout.
📉 Support Levels:
1. $1.2200 – Immediate support. Holding this level is vital for upward movement.
2. $1.2000 – Key psychological level. A drop below could invite selling pressure.
📊 Trade Setup:
Long Entry: Above $1.2800, targeting $1.3200 and $1.3566, with a stop-loss at $1.2200.
Short Entry: Below $1.2200, aiming for $1.2000, with a stop-loss at $1.2500.
📉 Market Outlook:
PNUT is in a high-tension zone. Breaking above $1.2800 could attract more buyers, while losing $1.2200 might lead to a deeper retracement. Watch these levels closely for decisive moves.