The market has just liquidated large long positions on $PNUT, washing out weak hands around $0.06927. After this, the price is trying to stabilize, which often signals the beginning of a recovery phase when sellers are exhausted.
EP: $0.0690 – $0.0702 zone
TP:
TP1 $0.0735
TP2 $0.0780
TP3 $0.0845
SL: $0.0659
If $PNUT holds above the liquidation zone, buyers with momentum may come into play and push the price back to the previous resistance zone. Trade with discipline and patience.
PNUTUSDT
Perp
0.07092
+1.86%