$PNUT has perfectly tapped the structural support zone right near $0.04207. After a long corrective descent, the price action is beginning to stabilize right on the lower Bollinger Band.
This area represents a high-probability risk-to-reward long zone. The selling pressure is visibly drying up on the 4H MACD. A clean bounce from this double-bottom support structure could ignite a rapid relief rally toward the daily pivot levels. Watch for a breakout above the 20 EMA middle line ($0.0427) to confirm the shift in control!
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