$PNUT USDT Analysis
Current Scenario:
The $PNUT USDT pair is currently in a downtrend, potentially forming a bearish flag pattern.
Long Trade Entry:
* Entry: 1.0500 - 1.0700
* Target: 1.1500 - 1.2000
* Stop Loss: 1.0000 - 0.9800
Short Trade Entry:
* Entry: 1.1000 - 1.1200
* Target: 1.0500 - 1.0000
* Stop Loss: 1.1500 - 1.1800
Market Outlook:
The bearish flag pattern suggests a continuation of the downtrend. However, a break above the flag's resistance level could signal a bullish reversal.
Leverage:
Use appropriate leverage based on your risk tolerance and market volatility.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.