$PNUT / USDT Key Level and Next Move!⏳
Body:
The
$PNUT / USDT pair has experienced a sharp sell-off after trading within a range for several sessions. The price has dropped below the $0.50 level, indicating strong bearish momentum.
Key takeaways:
1️⃣ Previous Range Bound Trading: Before the drop, the pair was trading between $0.54 and $0.60, showing indecision.
2️⃣ Breakdown: A decisive break below $0.52 has triggered further downside movement.
3️⃣ Bearish Continuation: The extended red candlesticks highlight strong selling pressure.
Support Levels:
$0.48 serves as an immediate level to watch. If this breaks, further declines could follow.
Resistance Levels:
$0.52 is now the first hurdle for any recovery.
Trading Tip:
Traders should remain cautious and consider waiting for consolidation or a reversal signal before entering the market. Short-sellers may look for opportunities if the $0.48 support breaks.
What are your thoughts on PNUT/USDT? Is this a buying opportunity or a signal to stay away? Share your views below!
#PNUTUSDT #Binance #CryptoAnalysis #CryptoNews