🚨 $PNUT /USDT Trading Alert – 15-Minute Chart 🚨
Price Action Overview: PNUT has shown impressive upward momentum, climbing nearly 96% within the past 24 hours. After a sharp rise from lower levels around 0.4144, PNUT surged to a high of 0.9890, indicating strong bullish interest. Currently, it's slightly consolidating around 0.9254, potentially building up momentum for the next move.
Current Price: 0.9254
Entry Price for Long Trade: 0.9300 (anticipating breakout)
Key Levels to Watch:
Resistance: 0.9890 – A breakout above this high could push PNUT to new heights.
Support: 0.8070 – Maintaining above this level is crucial to retain the bullish sentiment.
Take-Profit Targets:
1. TP1: 1.05
2. TP2: 1.12
3. TP3: 1.20
Stop Loss: 0.8000 (to limit downside in case of unexpected reversal)
Cautionary Note: Traders should watch for price stability around the 0.9300 level. A sustained breakout above 0.9890 could signal a continuation of the bullish trend. However, a failure to hold above 0.8070 may indicate a potential pullback. Monitor closely for any signs of a breakout or reversal.
