$PNUT /USDT Analysis

Current Price: $1.2882

24H High: $1.3411

24H Low: $1.0652

24H Volume (PNUT): 342.43M

24H Volume (USDT): 405.39M

Pattern Analysis:

The chart shows a bullish trend with a potential ascending triangle pattern forming. The price has been consolidating within an ascending triangle, suggesting a potential breakout to the upside.

Trade Ideas:

Long Trade:

* Entry: $1.2882 (Breakout of the triangle resistance)

* Target: $1.4378 (Triangle resistance)

* Stop Loss: $0.9791 (Below the triangle support)

Short Trade:

* Entry: $1.4378 (Triangle resistance)

* Target: $1.2882 (Triangle support)

* Stop Loss: $1.5000 (Above the recent swing high)

Leverage:

* Long: 2x-3x

* Short: 1x-2x

Market Outlook:

The ascending triangle pattern indicates a bullish outlook for PNUT. A breakout above the triangle resistance could lead to a significant price increase. However, if the price breaks below the triangle support, it could signal a bearish reversal.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any trading decisions.

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