Rikki Hofford z2BK

$PNUT Losing Steam or Just a Deep Breath Before the Next Move❓#PNUT is slipping after rejecting $0.1789, now testing support at $0.1635 a crucial level for a potential rebound..... If momentum shifts, a bounce could ignite another leg up, but failure to hold may signal more downside....$PNUT /USDT ALERT – VOLATILITY INCOMING❗$PNUT has experienced a sharp decline from its recent high of $0.1789 and is now testing key support zones. Selling pressure has increased, with indicators pointing toward either a potential reversal or further downside movement.

Key Levels to Watch

Support: $0.1635 – If this level fails, expect a drop toward $0.1600 or lower.
Resistance: $0.1729 – A breakout above this level could trigger a bullish recovery.

Trade Setup

Entry Point: $0.1661
Targets:

1. $0.1695 (Short-Term)

2. $0.1729 (Mid-Term)

3. $0.1789 (Extended Target)
Stop Loss: $0.1627 – Protect capital from further downside.

Market Insights

MACD is signaling bearish momentum, indicating caution.

Parabolic SAR suggests the trend is still downward but nearing a reversal zone.

Volume levels show a decline, which could lead to a price stabilization phase before the next move.

Final Thoughts: PNUT is currently at a make-or-break level. Traders should watch for a breakout or breakdown before taking positions. Risk management is crucial.

#Crypto