$PNUT /USDT Technical Analysis & Trade Signals
Current Price: $1.2956
Trend Momentum: Bearish
Support & Resistance Levels:
Immediate Support: $1.2256
Strong Resistance: $1.3376
Indicators Analysis:
RSI (Relative Strength Index): 42 (Neutral zone but close to oversold)
Moving Average (MA): Price is below the 50 EMA, indicating bearish momentum.
Volume Analysis: Decreasing volume suggests weak buying interest.
Trade Setup (Short-Term):
Entry Zone:
Aggressive Buy: $1.28 - $1.30 (Current Range)
Conservative Buy: Near $1.2250 (Support Zone)
🎯 Target Levels:
1. Target 1: $1.3100 (Short-term resistance, safe profit zone)
2. Target 2: $1.3370 (Strong resistance, partial profit booking suggested)
3. Target 3: $1.3650 (High-risk, breakout potential level)
Stop-Loss:
Place below $1.2200 to minimize risk.
Momentum Outlook:
Bullish Momentum: Price must break $1.3376 with strong volume.
Bearish Momentum: A fall below $1.2250 could lead to further downside toward $1.18.
Trading Recommendation:
Scalpers: Look for quick entries around $1.28-$1.30 with small targets.
Swing Traders: Enter closer to $1.2250 support for a better risk-to-reward setup.
Caution: Wait for volume confirmation before entering large positions.
