LIVE
Senyum_Palsu
--
$PNUT
for the next 2 hours.
Based on the PNUT/USDT chart in the 15-minute and 4-hour time frames, here is an analysis of the coin's movement in the next 2 hours:
Technical Analysis
1. 15-Minute Chart:
The price is in the upper Bollinger Bands area, indicating a potential downward correction.
The RSI is at 62.7, approaching the overbought area, which could mean selling pressure will increase.
Volume increased significantly in the last increase, but is starting to weaken.
2. 4-Hour Chart:
The price is in the mid Bollinger Bands area (MB: 1.12256) with signs of a small rebound.
The RSI of 55.94 indicates that it is still in the neutral area, but is not strong enough for extreme bullishness.
The price trend is still in the sideways range with resistance around 1.14 and support at 1.08.
Position Recommendation
Position Opening Suggestion: Short (Sell)
Because the RSI indicator is approaching overbought in the small time frame (15 minutes), while the price movement in the large time frame is still sideways, there is a potential for the price to be corrected in the next 2 hours.
Entry Point (Short): 1.10900
Stop Loss: 1.11500 (nearest resistance)
Take Profit: 1.09500 (nearest support)
Reason:
The current price is near local resistance at 15 minutes.
Volume decreased after the price spike, indicating a potential for a small reversal.
The 4-hour time frame shows no significant bullish impulse.
Make sure to keep an eye on changes in volume and key indicators such as RSI and Bollinger Bands before opening a position.
for the next 2 hours.
Based on the PNUT/USDT chart in the 15-minute and 4-hour time frames, here is an analysis of the coin's movement in the next 2 hours:
Technical Analysis
1. 15-Minute Chart:
The price is in the upper Bollinger Bands area, indicating a potential downward correction.
The RSI is at 62.7, approaching the overbought area, which could mean selling pressure will increase.
Volume increased significantly in the last increase, but is starting to weaken.
2. 4-Hour Chart:
The price is in the mid Bollinger Bands area (MB: 1.12256) with signs of a small rebound.
The RSI of 55.94 indicates that it is still in the neutral area, but is not strong enough for extreme bullishness.
The price trend is still in the sideways range with resistance around 1.14 and support at 1.08.
Position Recommendation
Position Opening Suggestion: Short (Sell)
Because the RSI indicator is approaching overbought in the small time frame (15 minutes), while the price movement in the large time frame is still sideways, there is a potential for the price to be corrected in the next 2 hours.
Entry Point (Short): 1.10900
Stop Loss: 1.11500 (nearest resistance)
Take Profit: 1.09500 (nearest support)
Reason:
The current price is near local resistance at 15 minutes.
Volume decreased after the price spike, indicating a potential for a small reversal.
The 4-hour time frame shows no significant bullish impulse.
Make sure to keep an eye on changes in volume and key indicators such as RSI and Bollinger Bands before opening a position.
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