The 15-minute chart for $PNUT /USDT shows the price currently trading at 1.9778, following strong upward momentum with a recent peak at 2.5000.
After a pullback, $PNUT is now testing support and appears poised for another potential rally if the current trend holds. An entry at 1.9778 could be strategic, targeting upward levels with a gradual approach.
The first take-profit target is set at 2.0200, followed by 2.1300, and finally 2.0400 if momentum remains robust. However, it’s essential to exercise caution, with a stop-loss positioned at 1.8900 to mitigate potential downside risks.
If the price breaches this level, it could indicate a weakening trend, signaling the need to exit the trade. This setup anticipates further gains, keeping a close eye on resistance levels for breakout opportunities.
