PNUT/USDT (4H) – Bull Flag Breakout Setup
Pattern: Bull Flag 📉📈
Timeframe: 4-Hour ⏱️
Pair: PNUT/USDT 💱
Published: June 10, 2025 📅
Technical Overview:
PNUT/USDT is forming a classic bull flag on the 4-hour chart following a strong impulsive rally. The price has been consolidating inside a descending channel — a typical continuation structure in bullish trends. Currently, the price is testing the upper trendline resistance, signaling potential breakout pressure building up 🔥
Potential Trade Setup:
Bullish Scenario ✅
Entry: On a confirmed breakout and close above the flag resistance (\~0.3000)
Targets:
* First target at 0.4200 🎯
* Second target at 0.5000–0.5200 zone 🎯
Stop-loss: Below recent swing low (\~0.2500) 🛑
Risk Management ⚠️
If PNUT gets rejected at the upper trendline and fails to break out, it could revisit the lower channel support near 0.2300. Look for a volume spike on breakout for added confirmation 📊
Conclusion:
PNUT is at a key decision point. A clean breakout above the descending channel could unlock a fresh bullish wave. As always, wait for confirmation and manage your risk accordingly 🔍📈
Pattern: Bull Flag 📉📈
Timeframe: 4-Hour ⏱️
Pair: PNUT/USDT 💱
Published: June 10, 2025 📅
Technical Overview:
PNUT/USDT is forming a classic bull flag on the 4-hour chart following a strong impulsive rally. The price has been consolidating inside a descending channel — a typical continuation structure in bullish trends. Currently, the price is testing the upper trendline resistance, signaling potential breakout pressure building up 🔥
Potential Trade Setup:
Bullish Scenario ✅
Entry: On a confirmed breakout and close above the flag resistance (\~0.3000)
Targets:
* First target at 0.4200 🎯
* Second target at 0.5000–0.5200 zone 🎯
Stop-loss: Below recent swing low (\~0.2500) 🛑
Risk Management ⚠️
If PNUT gets rejected at the upper trendline and fails to break out, it could revisit the lower channel support near 0.2300. Look for a volume spike on breakout for added confirmation 📊
Conclusion:
PNUT is at a key decision point. A clean breakout above the descending channel could unlock a fresh bullish wave. As always, wait for confirmation and manage your risk accordingly 🔍📈
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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.