$PNUT
/USDT Technical Analysis Trade Strategy 🚀 🎯 🔥
Current Price: $1.2750 (down by -5.75% in 24h)
24h High: $1.3587
24h Low: $1.2256
24h Volume (PNUT): 248.04M
24h Volume (USDT): 317.99M
Key Levels:
Support: $1.2256 (recent low, a potential bounce area)
Resistance: $1.3587 (previous 24h high, key resistance level)
Technical Indicators:
RSI: The recent drop suggests it may be approaching oversold territory, which could lead to a potential reversal.
MACD: The histogram shows a possible weakening of bearish momentum, watch for a crossover.
Bollinger Bands: Price moving towards the lower band, indicating a potential reversal or consolidation.
🎯 Trade Strategy:
Target #1: $1.30 - $1.32
Entry: Look for signs of stabilization or a bounce near $1.23.
Stop Loss: Place a stop just below $1.22.
Target #2: $1.35 (Resistance Test)
Entry: Enter if price breaks and holds above $1.32.
Stop Loss: Place around $1.28.
Target #3: $1.38 (Possible Reversal Point)
Entry: If the price clears $1.35 with volume.
Stop Loss: Tighten to $1.30 for profit protection.
Trade Setup:
Entry Zone: $1.23 - $1.27 (Look for confirmation of a bounce)
Risk-Reward: Aim for a 1:2 ratio.
Exit Strategy: Take partial profits at each target and adjust stop loss to break-even after the first target is hit.
PNUT/USDT shows potential for a short-term rebound, with key support at $1.23. Monitor for signs of reversal and manage your risk to maximize gains!