🚨 $PNUT /USDT ALERT – MAJOR BREAKOUT OR PULLBACK LOADING! 🚨
$PNUT is currently trading at $1.2636, up by 7.50%, showcasing strong momentum as it tests key resistance levels. Here’s the critical outlook:
💡 Key Levels to Watch:
Support Zones:
$1.24: Immediate support to watch for a potential pullback and rebound.
$1.15: Strong support if bearish momentum takes over, acting as a safety net for buyers.
Resistance Zones:
$1.28: Key resistance currently being tested. A breakout here could confirm a bullish trend continuation.
$1.30: A psychological and technical barrier. Breaching this level could trigger a significant rally.
🎯 Trading Strategies:
Bullish Setup:
Look for entries near $1.24 or on a confirmed breakout above $1.28. Target $1.30 and $1.35, setting stop-losses below $1.20.
Bearish Setup:
If PNU fails to hold $1.24, consider short positions targeting $1.15, with a stop-loss at $1.26.
🔥 Market Insights:
RSI is at 87, indicating overbought conditions, suggesting caution for aggressive long positions. However, increasing trading volume and positive sentiment point toward the possibility of a bullish continuation. Watch for decisive moves around $1.28 to confirm the next trend.
Keep your risk management tight – PNUT is set for a big move! 📊
