Is a big fluctuation coming for PNUT at night? Key point at $1.1320, short-term trading strategy outlook!

Currently, the real-time price of PNUT is $1.1320, and the market is experiencing significant volatility, with the nighttime market likely to see large fluctuations. As trading progresses, PNUT may test key support and resistance levels, and short-term traders need to react quickly to seize market volatility opportunities.

The current price of PNUT is around $1.1320, and market sentiment is relatively cautious, which may lead to short-term consolidation or a rebound. Considering that the current price is close to recent technical support and resistance zones, there is a high likelihood of price breaking through or retracing during the nighttime market. Investors need to closely monitor key price reactions to make timely trading decisions.

Technical analysis and key levels

Support level: $1.1200 Resistance level: $1.1500

The current price of PNUT is $1.1320. If it breaks through the resistance level of $1.1500, it may trigger further rises, with target price looking towards $1.1700 and above. Conversely, if the price falls below the support level of $1.1200, a short-term pullback may occur, with a target price of $1.1000. Short-term traders should pay attention to these two key price levels to assess the market's short-term trend.

Short-term contract strategies

Long strategy:

Entry point: If the price breaks through $1.1500, consider going long. Stop loss: Set a stop loss near $1.1250 to prevent excessive price pullback. Take profit: Target price of $1.1700, after breaking $1.1500, PNUT is expected to rise further.

Short strategy:

Entry point: If the price falls below $1.1200, consider going short. Stop loss: Set a stop loss near $1.1350 to guard against a rebound. Take profit: Target price of $1.1000, if it breaks the support level, PNUT may experience a pullback.

The current price of PNUT is around $1.1320, with a high probability of breaking through $1.1500. If this level is broken, PNUT may experience a wave of increase, targeting $1.1700. If it fails to break through and the price falls below the support level of $1.1200, a pullback may occur, and the price could drop to around $1.1000. Overall, in the short term, the opportunity to go long is slightly more favorable, but one must also be wary of price pullback risks and flexibly adjust strategies. $PNUT