PNUT/USDT – Bullish Rebound from Channel Support | Long Setup

PNUT/USDT is currently respecting the ascending parallel channel on the 4H timeframe. Price bounced off the lower boundary of the channel, showing signs of a potential bullish continuation. A long position is entered near support, with a target toward the upper range of the channel and a tight stop loss just below the structure.

🔹 Entry: ~0.2218
🔹 Stop Loss: ~0.2140 (below channel support)
🔹 Take Profit: ~0.2521 (upper channel resistance)
🔹 Risk-to-Reward: ~4.2R

The trade aligns with the trend structure and offers a favorable R:R setup. Break of the channel may invalidate the setup.