$PNUT /USDT has hit TP1 at 1.6000, showing recovery with immediate support at 1.5500 and resistance at 1.6500.

🚨 $PNUT /USDT Oversold Zone Alert: Bounce Back Potential! 🚨

$PNUT /USDT is trading at 1.5745, showing a significant pullback from its recent high of 1.9414. With RSI at 19, the price is deeply oversold, signaling a potential recovery.

Key support lies at 1.5055, while resistance is seen at 1.6000, setting the stage for a possible rebound. Traders can enter at the current price, aiming for 1.6000, 1.6300, and 1.6600 as take-profit levels, with a stop-loss at 1.5000 to mitigate risks.

This setup highlights an opportunity for a cautious bounce as the market regains momentum.