$PNUT
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: 1.2261
Resistance Levels:
1st Resistance: 1.3025 (Upper Bollinger Band)
2nd Resistance: 1.3669 (24h High)
Support Levels:
1st Support: 1.1898 (Middle Bollinger Band)
2nd Support: 1.0771 (Lower Bollinger Band)
Trade Setup & Strategies:
Bullish Scenario (Breakout Potential
1. Entry:
Look for an entry near 1.1898 (Middle Bollinger Band) as a support area or 1.2261 if price shows signs of bouncing.
The price needs to rise above 1.3025 (Upper Bollinger Band) and the SAR level of 1.3139 to confirm a breakout and potential uptrend.
2. Target Levels:
Target 1: 1.3025 (Upper Bollinger Band
Target 2: 1.3669 (24h High)
Target 3: 1.45 (psychological level and previous resistance, if momentum continues)
3. Stop Loss:
Place a stop loss below 1.1898 (Middle Bollinger Band) or 1.0771 (Lower Bollinger Band) for better risk management.
Bearish Scenario (Downtrend Continuation)
1. Entry:
Look for an entry near 1.2261 or when the price falls below 1.1898, indicating a potential breakdown.
If the price breaks below 1.0771, it could signal further downside momentum.
2. Target Levels:
Target 1: 1.0771 (Lower Bollinger Band
Target 2: 1.0477 (24h Low
Target 3: 1.00 (psychological level
3. Stop Loss:
Place a stop loss above 1.3025 (Upper Bollinger Band) or 1.3139 (SAR level) for risk management.
Consolidation:
1. Entry:
If the price consolidates between 1.1898 and 1.3025, look for trades around these boundaries.
Use a range-bound strategy and consider entering at 1.1898 with a short-term target around 1.2261 or 1.3025.
2. Target Levels:
Target 1: 1.2261 (Current Price
Target 2: 1.3025 (Upper Bollinger Band
3. Stop Loss:
Place a stop loss just below 1.1898 or above 1.3025 depending on the trade direction.
Key Notes:
Watch for price action around 1.3025 and 1.1898 for possible reversals.
If SAR flips to below the price, it could signal a bullish trend reversal.
Trade with caution, given the market's volatility and the recent slight downtrend.