PNUT/USDT: Market Insight & Strategy

The PNUT/USDT pair is trading at $1.6202, showing a 6.96% decline over the last session. Currently, it’s flirting with the 24-hour low of $1.4564, a crucial support zone where buyers might step in. On the upside, the 24-hour high of $1.7525 and the MA(99) at $1.7784 act as strong resistance levels that must be broken to signal a true reversal.

Short-term momentum is building, as the price has crossed the MA(7) and MA(25), hinting at a potential recovery. However, the overall trend remains bearish unless it closes decisively above the MA(99).

Entry Strategy:

For Bulls: Look for a breakout above $1.75 with strong volume before entering. Target $1.85+ with a stop-loss at $1.60.

For Bears: A breakdown below $1.45 could open the door to lower levels. Short with a stop-loss at $1.55.

Stay sharp, as volume spikes suggest heightened volatility. This is a market for strategic entries, not emotional trades!

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