Pnut/USDT - Breakout & Retest Analysis
Pnut/USDT has broken out from horizontal resistance, and a retest is currently in progress. If the retest holds, we can expect a strong move towards $0.4 - $0.5.
Bullish Scenario:
Successful retest and holding above the resistance zone should confirm further upside towards $0.4 - $0.5.
Bearish Scenario:
If price fails to hold the breakout level, we may see a pullback and retest of lower levels.
Pro Tip:
Avoid excessive longs. Wait for clear retest confirmation before entering.
Set proper risk management to protect your trades.
Pnut/USDT has broken out from horizontal resistance, and a retest is currently in progress. If the retest holds, we can expect a strong move towards $0.4 - $0.5.
Bullish Scenario:
Successful retest and holding above the resistance zone should confirm further upside towards $0.4 - $0.5.
Bearish Scenario:
If price fails to hold the breakout level, we may see a pullback and retest of lower levels.
Pro Tip:
Avoid excessive longs. Wait for clear retest confirmation before entering.
Set proper risk management to protect your trades.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join my Telegram community for free crypto signals, entry/exit points, and real-time market updates!
👉t.me/CryptoPrime18
👉t.me/CryptoPrime18
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.