the short technical analysis and trade signal for the $PNUT

/USDT pair:💯🎯🎯🚀

Technical Analysis:

Current Price: $0.6901

Trend: The market has seen an upward momentum with a price change of +9.89% over the last 24 hours. A bullish momentum is present, indicated by higher volume in the buying orders.

Resistance Levels:

First Resistance: $0.7217 (24h high)

Second Resistance: $0.7247 (depth level)

Third Resistance: $0.75 (projected)

Support Levels:

First Support: $0.6820

Second Support: $0.6636

Third Support: $0.6249 (24h low)

Trade Signal:

Buy Signal: Enter a position at $0.6901 or above (current price).

Target Levels (🎯):

1. Target 1: $0.7217 (near-term resistance, consider partial exit or take profit)

2. Target 2: $0.7247 (strong resistance, watch for reversal)

3. Target 3: $0.75 (longer-term projection, potential for higher gains)

Trade Momentum:

Momentum: Currently bullish with price steadily increasing. Monitor for corrections, especially if price breaks below support levels.

Recommendation: Use stop loss around $0.6820 to manage risk in case of a downside move.

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