$PNUT /USDT: Market Chaos Unleashed!

$PNUT /USDT just took traders on a wild ride as the pair exploded through key price levels, sending shockwaves across the market.

For those paying attention, this was the opportunity—for others, it was a wake-up call.

The Breakdown:

In a volatile surge, $PNUT broke through resistance at $0.12, quickly reaching highs near $0.15 before retracing sharply.

Liquidity on both sides of the market was tested, with massive long positions getting liquidated as whales took control of the price action.

With the USDT pairing, the volatility was amplified, creating opportunities for swift traders but also leaving others exposed to the market’s sharp swings.

Key Insights:

Leveraged positions were hit hard—PNUT's 0.15 resistance zone was a key trap point for many traders using leverage.

Automated bots added fuel to the fire, triggering chain reactions of stop-losses and sending the price even further down in minutes.

Market sentiment has now shifted, with PNUT sitting at a critical support zone around $0.13.

Any break below this level could trigger additional sell-offs.

For Professional Traders: If you're still in the game with PNUT, now's the time to be extra cautious.

This pair has proven it can turn on a dime. Tighten up your risk management, watch key levels, and stay agile, as momentum shifts can be quick and brutal in this market.

Technical Outlook:

Short-term support holds at $0.13, but below this, expect potential tests of $0.11.

If buyers can reclaim $0.15, expect another round of bullish pressure, but any hesitation could mean another leg down.

Stay sharp, and adjust your strategy accordingly.

In markets like this, adaptation is the key to staying profitable.

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