“PNUT gradually stabilizing, is it the prelude to a short-term rebound?”
Market Analysis:
PNUT has recently experienced drastic fluctuations, and market sentiment is gradually returning to rationality. The price is consolidating at a low level, and the bearish momentum is weakening. Currently, both bulls and bears are in a stalemate, waiting for a breakout signal to appear.
Support and Resistance Levels:
• Support Levels: 1.02, 0.95, 0.86
• Resistance Levels: 1.14, 1.25, 1.35
Short-term Trading Strategies:
Long Strategy:
• Entry Point: 1.02
• Add Position Point: 0.95
• Stop Loss Point: 0.84
• Profit Target: 1.14, 1.25, 1.35
• Position Allocation: 50%-30%-20%
Short Strategy:
• Entry Point: 1.14
• Add Position Point: 1.25
• Stop Loss Point: 1.36
• Profit Target: 1.02, 0.95, 0.86
• Position Allocation: 50%-30%-20%
My Prediction:
From the current trend, PNUT is oscillating at a low level to build a base, and the bulls have a chance to prepare for a rebound, so I tend to go long, targeting around 1.14.
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