PNUT is fluctuating and brewing a big market, and short-term layout is ready to fight the outbreak point!

PNUT is currently quoted at $1.22281. Recently, the market has entered a high-level fluctuation in the long-short tug-of-war, and the price fluctuation is relatively active. From the daily trend, $1.2500 above is an important pressure level, while the support below is concentrated at $1.2000. The overall trend is strong, but there is a technical correction risk in the short term, and further changes in market sentiment need to be closely monitored.

Technical analysis and key points:

• Resistance level: $1.2500, $1.2700

• Support level: $1.2000, $1.1800

At present, the K-line pattern shows a narrow range of consolidation, and the RSI indicator is close to the overbought zone, indicating that the upward momentum is weakened, but the medium and long-term moving averages still support the overall upward trend. If it breaks through $1.2500, PNUT may further challenge $1.2700; if it falls below $1.2000, it may trigger more selling and pullback to $1.1800.

Contract short-term T strategy:

1. Long strategy:

• Entry price: around $1.2300 (confirmed by breaking through $1.2500)

• Take profit price: $1.2700

• Stop loss price: $1.2100

• Leverage recommendation: 3-5 times

2. Short strategy:

• Entry price: around $1.2000 (confirmed by breaking through)

• Take profit price: $1.1800

• Stop loss price: $1.2150

• Leverage recommendation: 3-5 times

PNUT may fluctuate in the range of $1.2000-1.2500 in the short term, but with the release of market volume, it is expected to accelerate to $1.2700 after breaking through $1.2500; if the bears have the upper hand, it may quickly bottom out at $1.1800 after breaking through $1.2000. Investors are advised to seize the fluctuation range and operate flexibly to seize short-term opportunities! $PNUT