๐จ $PNUT Surges 11.83% โ Key Levels to Watch! ๐จ
Peanut ($PNUT ) is trading at $1.2940, up 11.83% in the last 4 hours. After hitting a 24-hour high of $1.4750, PNUT is showing consolidation, suggesting potential for either further bullish momentum or a short-term retracement.
Key Levels to Watch:
Immediate Support: $1.1504
This level is critical to hold. A drop below could lead to further downside pressure.
Major Resistance: $1.4750
A breakout above this level could reignite the rally and target higher milestones.
Three Targets for Traders:
1. Target 1: $1.5000 โ Immediate resistance and a psychological level for profit-taking.
2. Target 2: $1.6000 โ A significant zone indicating sustained bullish momentum.
3. Target 3: $1.7500 โ A major milestone for extended bullish trends.
Trade Setup:
Long Entry: Above $1.4750, targeting $1.5000, $1.6000, and $1.7500.
Short Entry: Below $1.1504, targeting $1.1000 and $1.0477.
Stop Loss: Place at $1.2500 to manage risk effectively.
PNUTโs sharp movement is creating excellent trading opportunities. Monitor these levels closely for the next big move!