$PNUT /USDT Technical Analysis - Binance
š Current Price: $0.6805 (-7.63%)
ā° Timeframe: 30m
Analysis & Targets
$PNUT /USDT is facing downward pressure, breaking key support levels. Here's a breakdown of the next potential price levels:
1ļøā£ Target 1: $0.7000
Immediate resistance; a move above this could indicate a short-term recovery.
2ļøā£ Target 2: $0.7200
A critical resistance point where sellers may exert pressure. Breaking this would confirm bullish momentum.
3ļøā£ Target 3: $0.7400
Major resistance level. A breakout here could signify a trend reversal to the upside.
Strategy
š Bullish Case: Monitor for a recovery above $0.6900. Gradually take profits at each target.
š Bearish Case: If the price breaks below $0.6750, expect a further decline toward $0.6500 support.
ā ļø Risk Management:
Set a stop-loss below $0.6700 to minimize risks.
Adjust position sizes based on current market volatility.
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