Pair: PNUT/USDT
Timeframe: 4H
Pattern: Symmetrical Triangle (Breakout Confirmed)
PNUT has broken out of the symmetrical triangle, showing early signs of bullish momentum. To confirm strength, price must now hold above the breakout zone near 0.2400.
Bullish continuation:
If it holds, we could see upside targets around 0.2700–0.3000 in the short term. Volume confirmation will be key.
Fakeout risk:
If PNUT fails to sustain above 0.2400, the breakout may fail. Stay patient for a clean retest or follow-through to avoid getting trapped.
Wait and manage risk wisely — the next few candles will confirm the move.
Timeframe: 4H
Pattern: Symmetrical Triangle (Breakout Confirmed)
PNUT has broken out of the symmetrical triangle, showing early signs of bullish momentum. To confirm strength, price must now hold above the breakout zone near 0.2400.
Bullish continuation:
If it holds, we could see upside targets around 0.2700–0.3000 in the short term. Volume confirmation will be key.
Fakeout risk:
If PNUT fails to sustain above 0.2400, the breakout may fail. Stay patient for a clean retest or follow-through to avoid getting trapped.
Wait and manage risk wisely — the next few candles will confirm the move.
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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 trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
👉 t.me/cryptobyghazii
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.