Market Overview:


$PNUT ‌ is up +4.56% after a sharp spike to ~0.065, now pulling back and stabilizing.

🧠 Short View:
- Trend: Bullish
- Momentum: Strong → Cooling
- Market Mood: Profit-taking after spike

Structure Insight:
Price made a strong impulsive move, then corrected typical continuation pattern if support holds.
- Current Price: 0.05781
- MA7: 0.05866 ⚠️ (price slightly below)
- MA14: 0.05721 ✅
- MA28: 0.05557 ✅

→ Still bullish overall, short-term pullback in play

Key Zones:
- Resistance: 0.0600 → 0.0620
- Major Resistance: 0.0649 (recent spike high)
- Support: 0.0570 → 0.0555

Playbook:
- Bullish: Reclaim 0.0600 → continuation toward 0.0620+
- Breakout: Clear 0.0649 → strong expansion
- Pullback Entry: 0.0570–0.0555 zone
- Bearish: Lose 0.0555 → deeper correction

⚠️ Important:
That big wick at the top = strong rejection market needs time before next push.

Momentum Note:
MACD still positive but slowing → expect consolidation before next move.

#WCTCTradingKingPK
#DeFiLossesTop600MInApril #FedHoldsRateButDividesDeepen
#BitcoinSpotVolumeNewLow
PNUT1.52%
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