🚀 Technical Analysis: $PNUT /USDT
Current Price: $0.6975 (-6.75%)
Timeframe: 30-min chart (Binance)
🎯 Key Targets:
1. Target 1 (Immediate Resistance): $0.7200
A break above this level could indicate a potential reversal, with bullish momentum targeting further gains.
2. Target 2 (Mid-Term Resistance): $0.7500
Sustained buying pressure above $0.7200 can lead to testing this zone. Consider booking partial profits here.
3. Target 3 (Major Resistance): $0.7800
A strong move to this level would confirm bullish dominance, pushing prices closer to reclaiming recent highs.
🔻 Support Zones:
Immediate Support: $0.6900
Holding this level is crucial to avoid further downside.
Critical Support: $0.6800
Breaching this could lead to a bearish trend continuation.
📈 Strategy:
Traders should secure partial profits at each target to mitigate risk.
Stop Loss: Place below $0.6800 to manage downside risks.
Monitor volume and market sentiment for further confirmations.