PNUT / USDT Breakout and retest analysis

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.