$PNUT /USDT – Bearish Correction with Bounce Potential 🚨

Analysis:

$PNUT has experienced a sharp decline, dropping 10.11% in the last 24 hours. The price is currently hovering near its 24h low of $0.6780, which aligns with a key support zone. If this support holds, a short-term bounce toward $0.7200–$0.7500 could occur. Conversely, a breakdown below $0.6780 may open the door to further downside, targeting $0.6500.

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Spot Trading Setup:

Entry Zone: $0.6800–$0.7000

Target 1: $0.7200

Target 2: $0.7500

Stop Loss: Below $0.6700

Futures Trading Setup:

Position Type: Long

Leverage: 3x–5x

Entry Zone: $0.6800–$0.7000

Target 1: $0.7200

Target 2: $0.7500

Stop Loss: Below $0.6700

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Key Highlights:

1. Support Level: Strong support at $0.6780.

2. Resistance Zone: Immediate resistance at $0.7200, followed by $0.7500.

3. Volume Insight: High trading volume indicates increased trader interest, with a potential for volatility.

Pro Tip:

Use tight stop-loss levels to minimize risk in this volatile setup. Consider booking partial profits at $0.7200 to secure gains.

Follow my predictions — 93% profit guaranteed!

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