PNUT Night Surge Imminent! Strong Rebound at $1.18 Support, Complete Analysis of Short-term T+0 Trading Strategy!

PNUT (Peanut) current live price is $1.1820, current market sentiment is active, PNUT has found support around $1.18, and signs of rebound have appeared. The night trading session is approaching, and PNUT's price may face greater fluctuations, short-term traders can seize the trading opportunities brought by this volatility through technical analysis.

Technical Analysis and Key Levels:

Support Level: $1.18, the current price is close to this support line, if the price stays here, it may rebound again. Resistance Level: $1.20, after breaking this point, PNUT may continue to rise to $1.22.

From the 4-hour chart, PNUT has formed strong support around $1.18, if the price breaks the resistance level of $1.20, it is expected to accelerate to $1.22. If the price fails to break and retreats, it may test the $1.18 support level again, or even fall back to $1.16.

Short-term Contract Strategy:

Long Strategy:

Entry Point: When the PNUT price pulls back to $1.18 and finds support, consider going long. Stop Loss: $1.16, to prevent breaking the support level. Target: $1.20, after breaking, can continue to hold to $1.22. Leverage: It is recommended to use 2x leverage, seizing the rebound opportunity while keeping risks controllable.

Short Strategy:

Entry Point: If PNUT breaks $1.20 but fails to sustain upward momentum and instead falls back below $1.19, consider going short. Stop Loss: $1.22, to prevent further upward movement. Target: $1.18, if it breaks this support level, it may fall back to $1.16. Leverage: 2x leverage, flexibly responding to fluctuations, ensuring risks are controllable.

PNUT has formed strong support near the $1.18 support level, and is expected to rebound and challenge the $1.20 resistance level. If it breaks $1.20, the price may accelerate to $1.22. If the price retreats below $1.18, it may further decline to $1.16. Short-term traders can flexibly adjust their trading strategies based on market fluctuations. $PNUT