$PNUT Pattern Forming ALERT 🚨👀👀 Analysis Next Move As we see there $PNUT form descending triangle pattern in 4 hour timeframe

What is Descending triangle pattern ??

Descending triangle pattern had both chances breakout🚀 or breakdown 🩸 Majorly it gives breakdown the pattern an price go downward but sometimes it gives breakout and price go up ✈️🚀

Recently price gets support on pattern surface which is very strong support area of 1.05 it hits again and again as you seen in pic.

Bullish ✈️ Scenario 🚀..

If the price breakout the pattern with candle closing you see pump🚀🚀 in price I will share the targets if breakouts happend is

T1 1.46

T2 1.75

T3 2.00

Bearish Scenario 🛑..

If the price gives breakdown the support area of pattern with candle closing then you see further dump to its previous low area around 0.78 to 0.88 Area

So keep eye 👀 on breakout and breakdown the pattern

If you get any kind of help for these analysis then like it I'm doing it for you ❤️🙏