This chart shows the $PNUT /USDT trading pair with a 30-minute timeframe. The price is currently at $0.6685, with a 24-hour gain of +13.44%. The recent high is $0.7300, while the low is $0.5863, indicating high volatility.
Analysis:
1. The chart suggests a pullback after a strong upward trend. The price seems to be consolidating around the $0.6600–$0.6700 range, which may act as a key support zone.
2. For long positions, wait for a breakout above $0.6900, with confirmation from volume. Set a stop-loss at $0.6500, and target $0.7200 initially, extending to $0.7500 if momentum continues.
3. For short positions, consider entering if the price breaks below $0.6500, signaling bearish continuation. Place a stop-loss at $0.6800 and target $0.6200 or lower.
4. Keep an eye on the 24-hour volume for both $PNUT and USDT, as a significant spike could indicate market moves.
5. Trade cautiously as the chart shows moderate pullbacks, suggesting mixed sentiment.
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