$PNUT /USDT Trading Signal - Recovery After Drop

Current Value: $0.3184

Short Entry

Entry Range: $0.3200 - $0.3150

Target 1: $0.3100

Target 2: $0.3050

Stop Loss: $0.3250

Market Highlights

PNUT dropped to a low of $0.3014 before recovering, but the resistance at $0.3248 remains unbroken.

The price is testing the upper consolidation range, indicating a possible rejection for another leg downward.

Reduced momentum around $0.3200 suggests sellers could regain control.

Key Levels to Watch

Resistance: $0.3248

Support: $0.3100 and $0.3050

Observation: A failure to sustain above $0.3200 could trigger a short opportunity. Traders should maintain a tight stop-loss to mitigate risks in case of a breakout.

PNUT
PNUT
0.054
+8.65%

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