🚀 $PNUT /USDT Technical Setup: Ready for a Reversal? 🚀

📊 Current Price: $1.2254 (+5.87%)

📉 Recent Trend: Significant downtrend, followed by strong recovery momentum.

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Key Technical Analysis:

The price shows potential for reversal after testing a strong support zone around $1.04-$1.10.

Bullish momentum is confirmed with higher lows on the 4H chart.

Resistance at $1.28 may act as the first hurdle; a breakout can fuel further gains.

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Trade Setup with Targets:

🔵 Long Entry:

Entry: $1.22 (current price) or dip at $1.20.

🎯 Targets:

1. Target 1: $1.28 (24H High Resistance)

2. Target 2: $1.40 (Psychological Level)

3. Target 3: $1.55 (Key Resistance Zone)

🔴 Stop Loss:

Place below $1.10 (recent support).

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Conclusion:

$PNUT NUT/USDT is showing signs of bullish recovery after a prolonged downtrend. A breakout above $1.28 could confirm the reversal. Keep an eye on volume for sustained movement!

Happy Trading! 📈#TradingMadeEasy #TradingHell