$PNUT
/USDT Technical Analysis and Trade Signal 🚀 🎯
Technical Analysis:
1. Current Price: 1.1847 USDT
2. Bollinger Bands:
Price is near the lower band (1.1802), suggesting potential oversold conditions.
A bounce to the middle band (1.2056) or upper band (1.2310) is possible if buying volume increases.
3. SAR (Stop and Reverse):
Current SAR: 1.2153 (above the price), confirming bearish momentum.
A breakout above 1.2153 could trigger bullish momentum.
4. Momentum:
The market is bearish in the short term, but oversold signals suggest a possible reversal if 1.1762 (24h low) holds.
Trade Signal:
Entry (Buy):
Around 1.1800 - 1.1850 (if the price holds near the lower Bollinger Band).
Confirm with a bounce or bullish candlestick pattern.
Stop Loss:
Below 1.1700 (to protect against further downside).
Targets 🎯:
1. Target 1 (T1): 1.2050
Aligns with the Bollinger Middle Band.
2. Target 2 (T2): 1.2310
Matches the Bollinger Upper Band.
3. Target 3 (T3): 1.2500
Key resistance level; potential extension if buying momentum strengthens.
Trade Momentum:
Bearish for now; monitor for reversal signs.
A sustained move above 1.2153 (SAR level) will shift momentum to bullish.