$PNUT For $PNUT /USDT on the 15-minute time frame, the current price is 0.4844, marking an impressive increase of 362.66% in the last 24 hours.
The chart reveals that PNUT recently peaked at 0.5500, which stands as a key resistance level. If the price breaks past this resistance, it could trigger further bullish momentum.
Support is identified around 0.4133, offering a potential fallback point if the price experiences a pullback. Entering the trade around the current price of 0.4844 could provide a strategic position, with take-profit levels set at 0.5000 (TP1), 0.5250 (TP2), and 0.5500 (TP3) to capture gains incrementally.
To manage risk, a stop-loss at 0.4500 is advisable, helping to limit potential losses if the market reverses.
Given the substantial upward movement and volatility, traders should closely monitor these levels, adjusting their strategy based on price action near the support and resistance points.
#BBCeDeFi #WillBTCBreak100KSoon
0.4502
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