šØ ALERT: $PNUT Approaching a Critical Zone ā Major Move Expected! šØ
$PNUT is trading at $1.3125, showing a +7.39% gain in the last 24 hours, with a strong bounce from its 24-hour low of $1.1537. The price is now nearing key levels, indicating a possible breakout or retracement.
Key Levels to Watch
1. Resistance Level 1: $1.3459
A breakout above this level could signal bullish momentum, with the price potentially reaching the first target.
2. Resistance Level 2: $1.4750
If the momentum continues, this level could act as the next target for a strong upward move.
3. Ultimate Resistance: $1.5000
A break here could indicate a sustained rally, opening the door for further gains.
Support Levels
Support Level 1: $1.2332 (EMA 25)
Critical for maintaining the bullish structure. A drop below this level could suggest weakness.
Support Level 2: $1.1500
If this level is breached, expect further retracement.
Trade Setup
Long Entry: Above $1.3459, aiming for $1.4750 and $1.5000.
Stop Loss: Below $1.2332 to minimize risk.
Watch closely for a decisive move as PNUT tests these critical levels!