PNUT/USDT: On the verge of breakout

PNUT/USDT: On the verge of breakout 🚀

PNUT/USDT is showing strong signs of a potential breakout as the price builds momentum 📈 near a critical resistance zone. This setup looks promising for a bullish move if the breakout is confirmed. Keep an eye on this pair as the next few candles could bring significant action 👀.

Key highlights:
- Building momentum: Price is consolidating near the resistance zone, often a sign of an imminent breakout 🔑.
- Volume increase: Watch for a spike in trading volume during the breakout, as it confirms strong buyer interest 🔥.
- Bullish indicators: RSI and MACD are trending positively, supporting the case for upward movement ⚡.

Tips for breakout strategy:
- Wait for a clear 4H or daily candle close above the resistance level to confirm the breakout 📍.
- Monitor volume carefully. A breakout with low volume may signal a fakeout ⚠️.
- Look for a retest of the broken resistance, turning it into support, before entering your position ✅.
- Always manage risk with tight stop-loss levels and proper position sizing 🔒.

Potential targets after breakout:
- First target: [Insert based on chart analysis]
- Next target: [Insert based on chart analysis]

This is for educational purposes only. Always do your own research (DYOR) 🔍 before making any decisions.