Based on the provided chart of $PNUT /USDT on a 15-minute timeframe, here’s a professional analysis:

1. Current Trend: The price is in a clear downtrend, as evidenced by lower highs and lower lows. Recent candles indicate slight consolidation around the $0.6965 level, suggesting a potential decision point for traders.

2. Entry for Short: If the price breaks below the support zone at $0.6950 with strong volume, a short position could be initiated.

Stop Loss: Place it slightly above the recent swing high around $0.7050.

Target: Set a target at $0.6800, the next visible support zone.

3. Entry for Long: If the price shows a bullish reversal and breaks above $0.7050 with confirmation (such as a strong green candle or increased buying volume), consider a long position.

Stop Loss: Place it below the $0.6950 level.

Target: Aim for $0.7250, which aligns with the recent resistance.

4. Indicators: Use RSI or MACD to confirm oversold/overbought conditions or momentum. Avoid taking trades during weak or uncertain price action.

Note: Given the overall downtrend, shorts may have a higher probability of success unless there’s clear evidence of a reversal. Always assess market conditions and manage your risk appropriately.

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