The $PNUT /USDT pair on the 15-minute chart is trading at 1.6156, with a significant gain of 255.39% over the last 24 hours.
The recent high of 1.8598 marks a critical resistance level, and a breakout above this point could lead to further upward movement.
For those looking to enter the trade, a good entry level is around 1.60, allowing traders to capitalize on the current bullish momentum.
Suggested take-profit levels are set at 1.70 for an initial gain, 1.80 as an intermediate target, and the resistance level of 1.85 for a more ambitious target.
To manage risk, a stop-loss can be placed at 1.50, just below recent support, to protect against downside movement.
Observing price action at these levels will be key to determining if the current trend will continue or if a reversal is likely.
