$PNUT
/USDT Technical Analysis & Trade Signals
Current Momentum:
Trend: Bullish (+10.19% increase)
Support Level: $0.5852
Resistance Levels: $0.6977, $0.7034
Volume: Strong (24h Vol: 163.87M PNUT)
Trade Signals:
1. Buy Zone: $0.6600 - $0.6900 (Pullback entry)
2. Stop-Loss: $0.5800 (below 24h low)
3. Targets:
šÆ Target 1: $0.7150 (near-term resistance)
šÆ Target 2: $0.7400 (medium-term resistance)
šÆ Target 3: $0.7750 (extended target, breakout potential)
Momentum Indicators:
MA(5): Bullish crossover, supporting upward momentum
RSI: Likely near or above 60, indicating strength
Volume: Increasing, confirming buyer interest
Outlook:
Short-term: Bullish continuation expected if it sustains above $0.6900.
Medium-term: Watch for breakout above $0.7034 for further gains.
Caution: A break below $0.5850 may signal trend reversal.
Recommendation: Enter cautiously in the buy zone with targets and stop-loss strictly adhered to.
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