Technical Analysis & Trade Signals for $PNUT /USDT

Current Price: $1.22 (+0.79%)

24h High/Low: $1.2216 / $1.1242

Volume: 182.68M PNUT ($216.11M USDT)

Trend Overview:

Momentum: The price is showing a slight upward momentum, gaining 0.79% in the last 24 hours.

Resistance Level: $1.23 (recent high)

Support Level: $1.12 (recent low)

Indicators:

RSI: Near 55, indicating mild bullish strength.

MACD: Crossed above the signal line, showing potential upward continuation.

Volume: Strong buying volume, indicating growing interest.

Trade Setup:

Long (Bullish Scenario):

Entry: $1.20 - $1.22 (on consolidation or a breakout above $1.23)

Targets:

🎯 Target 1: $1.25 (Short-term resistance)

🎯 Target 2: $1.30 (Major resistance zone)

🎯 Target 3: $1.35 (Extended bullish move)

Stop-Loss: $1.15 (below key support level)

Short (Bearish Scenario):

Entry: Below $1.12 (if it breaks below key support)

Targets:

🎯 Target 1: $1.10

🎯 Target 2: $1.05

🎯 Target 3: $1.00

Stop-Loss: $1.15 (to manage risk)

Momentum Check:

Short-Term Momentum: Mild bullish.

Medium-Term Momentum: Neutral to bullish (awaiting breakout confirmation).

Risk Level: Medium (due to recent market volatility).

Trading Tips:

1. For Long Trades: Watch for a strong breakout above $1.23 with high volume.

2. For Short Trades: Confirm volume and price rejection below $1.12 before entering.

3. Use a trailing stop-loss to lock in profits as the price approaches the targets.

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