$PNUT /USDT BULLISH BREAKOUT:
Very interesting trade setup 💥💯
Take entry as soon as possible !
it will rise soon!
Key Levels:
- Current Price: $0.7607
- Resistance Levels: $0.8053, $0.8759
- Support Levels: $0.7405, $0.6969
Trade Setup:
- Entry: Long at $0.7607
- Take Profit (TP): $0.8759
- Stop Loss (SL): $0.7405
Risk Management:
- Risk/Reward Ratio: 1:5
- Position Size: Adjust according to your risk tolerance, ideally risking no more than 1-2% of your trading capital.
Summary:
We are looking for a long trade on $PNUT/USDT due to a bullish breakout from the consolidation zone. The price has broken above the resistance level at $0.7405 and is showing strong upward momentum. The next target is set at $0.8759, with a stop loss placed just below the recent support level to manage risk effectively. This setup offers a favorable risk/reward ratio, making it an attractive trade opportunity. 📈📊
Happy Trading! 🚀