Trade Signal for $PNUT /USDT: Consolidation Breakout Ahead! 🚀
$PNUT /USDT is trading at $0.7835, up +7.59% in the last 24 hours. With a 24-hour high of $0.7879 and significant volume (108.13M PNUT), this token is showing strong potential for further moves. Here’s a detailed trade plan:
📈 Long Entry:
Entry zone: $0.7700 - $0.7850 (on retracement or breakout confirmation).
Targets: $0.8000, $0.8200, and $0.8500.
Stop-loss: $0.7500 to manage downside risk.
📉 Short Entry:
Entry zone: $0.7900 - $0.8000 (near resistance).
Targets: $0.7600, $0.7400, and $0.7200.
Stop-loss: $0.8100 to cap potential losses.
⚡ Key Insights: PNUT has gained +23.56% in the last 7 days, showing recovery momentum despite a 30-day decline (-44.20%). Watch for a breakout above $0.8000 to confirm bullish continuation or prepare for pullbacks to re-enter at stronger support zones.
Stay disciplined, trade with proper risk management, and seize the opportunities in this highly active market! Momentum is building—capitalize wisely!