๐ฟ๏ธ Peanut the Squirrel ($PNUT ) is cooling off after a strong push last week โ now pulling back into a perfect retest zone for a potential rebound. The structure suggests a healthy correction inside a bullish channel, giving traders a clean setup for a bounce play.
๐ Market Overview
Current Price: $0.1392 (-0.71%)
24h High: $0.1467 | 24h Low: $0.1366
24h Volume: 37.23M PNUT (~$5.27M USDT)
$PNUT recently faced resistance around $0.147 and is now holding above $0.136 support. The price is consolidating tightly โ a sign of seller exhaustion and potential base-building before the next upward leg.
๐ง Why This Setup Works
Key Support Zone ($0.136 โ $0.140): This area has acted as a solid demand zone multiple times โ each retest has triggered strong rebounds.
Healthy Pullback: A mild correction after a prior rally indicates profit-taking, not trend reversal.
Volume Cooling: Declining volume on the pullback means selling pressure is fading.
High-Reward Setup: A tight stop and wide upside targets make this an efficient swing entry.
๐ฏ Trade Plan
๐ฅ Buy Zone: $0.137 โ $0.140
๐ฏ Targets:
Target 1: $0.146 (first resistance retest)
Target 2: $0.152 (range top breakout)
Target 3: $0.160 (momentum target)
๐ก๏ธ Stop Loss: Below $0.134
โ๏ธ Risk/Reward: ~1:3 โ strong for short-term swing entry.
๐ Plan:
Accumulate near $0.138โ$0.140 with tight stop.
Book partial profit at $0.146; trail stop above entry.
If $0.152 breaks with volume, hold for $0.16 extension.
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