$PNUT /USDT Technical Analysis - Binance

📊 Current Price: $0.6805 (-7.63%)

⏰ Timeframe: 30m

Analysis & Targets

$PNUT /USDT is facing downward pressure, breaking key support levels. Here's a breakdown of the next potential price levels:

1️⃣ Target 1: $0.7000

Immediate resistance; a move above this could indicate a short-term recovery.

2️⃣ Target 2: $0.7200

A critical resistance point where sellers may exert pressure. Breaking this would confirm bullish momentum.

3️⃣ Target 3: $0.7400

Major resistance level. A breakout here could signify a trend reversal to the upside.

Strategy

📈 Bullish Case: Monitor for a recovery above $0.6900. Gradually take profits at each target.

📉 Bearish Case: If the price breaks below $0.6750, expect a further decline toward $0.6500 support.

⚠️ Risk Management:

Set a stop-loss below $0.6700 to minimize risks.

Adjust position sizes based on current market volatility.

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