๐ $PNUT /USDT Technical Setup: Ready for a Reversal? ๐
๐ Current Price: $1.2254 (+5.87%)
๐ Recent Trend: Significant downtrend, followed by strong recovery momentum.
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Key Technical Analysis:
The price shows potential for reversal after testing a strong support zone around $1.04-$1.10.
Bullish momentum is confirmed with higher lows on the 4H chart.
Resistance at $1.28 may act as the first hurdle; a breakout can fuel further gains.
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Trade Setup with Targets:
๐ต Long Entry:
Entry: $1.22 (current price) or dip at $1.20.
๐ฏ Targets:
1. Target 1: $1.28 (24H High Resistance)
2. Target 2: $1.40 (Psychological Level)
3. Target 3: $1.55 (Key Resistance Zone)
๐ด Stop Loss:
Place below $1.10 (recent support).
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Conclusion:
$PNUT NUT/USDT is showing signs of bullish recovery after a prolonged downtrend. A breakout above $1.28 could confirm the reversal. Keep an eye on volume for sustained movement!
Happy Trading! ๐#TradingMadeEasy #TradingHell