🔥 PNUT/USDT Update: Levels Holding Strong – What’s Next? 🚨

PNUT continues to respect our predefined levels, making this setup a textbook example of precise technical analysis. Here’s a breakdown of the current situation and the potential next move:

Key Developments:

🟢 Buy Zone Validity: The $1.48-$1.55 zone (Buy Here) remains a strong support area. Price bounced perfectly off this level.

🟠 Resistance at $1.76 (POC): PNUT attempted but hasn’t closed above this zone yet, showing hesitation from buyers.

🟩 Major Resistance Ahead: $2.17 remains the key long-term target for bulls, but PNUT needs a clean breakout above $1.76 first.

What to Expect:

Scenario 1: Bullish Breakout

If PNUT breaks and closes above $1.76 with strong volume, the next stop is likely $2.17.

Confirmation is key—watch for candles with higher volume above this resistance.

Scenario 2: Pullback for Retest

A retracement to the $1.60-$1.64 range (dvaH) could provide another entry for late buyers.

Below $1.55, bullish bias weakens.

Updated Trade Strategy:

✅ Entry Zones:

Aggressive: $1.60-$1.64 (dvaH support).

Conservative: Wait for a confirmed breakout above $1.76.

❌ Stop-Loss: Tight stop below $1.48 to minimize risk.

📈 Take-Profit Levels:

TP1: $1.76 (resistance).

TP2: $2.17 (major resistance).

💡 Patience is key—let the chart dictate the next move!

👉 Like, share, or comment your thoughts on PNUT's next move! Are you bullish or waiting for the breakout? 🚀