$PNUT Support Bounce Alert
$PNUT has found solid support at the lower boundary of a descending channel on the 8-hour chart, showing signs of a potential upward move.
The recent bounce off this support suggests that a breakout could be imminent.
Entry Point:
Watch for confirmation of breakout above channel resistance.
Target:
$2.30 (Possible upside once resistance is cleared)
Stop Loss:
Set at $1.60 (Below the channel support for risk management)
If $PNUT freaks through the channel, expect a strong rally toward the target—stay ready for action!
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