$PNUT ON WATCH โ HEREโS THE LATEST!
Hey @Sajidshah-281 ! ๐ It looks like $PNUT has been on an explosive run today, currently sitting around 1.5618, which is a massive gain of over 250% in the last 24 hours. This is a high-momentum situation, but there are some crucial points to consider before deciding on holding or selling.
๐ Key Insights on $PNUT:
โข Current Resistance: 1.85 โ A breakout here could signal further upside, but failing to break this level might lead to some profit-taking.
โข Support Level: 1.40 โ Holding above this level keeps the momentum alive, but dropping below could see a larger pullback.
๐ Should You Hold or Sell?
If $PNUT continues this bullish trend and manages to break above 1.85, it might be worth holding for a potential next leg up. However, if it starts showing signs of weakness around 1.40, taking some profit off the table could be a wise move to lock in gains.
โ ๏ธ Remember: This is a volatile asset with big swings, so stay cautious and keep an eye on those levels.
Hope this helps, and happy trading! ๐ #USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #cryptomarketcapATH