PNUT is ready to go, intraday volatility opportunities are coming! Short-term operation strategy is here
Now the one-hour price of PNUT is $1.2704. The trend has been rising all day. The market sentiment is very high, and it feels like a breakthrough is just around the corner. In the past 24 hours, PNUT has reached a high of $1.2850 and a low of $1.2500, and the trading volume is still rising.
Technical analysis and key price levels:
Support level:
First support: $1.2600
Second support: $1.2500
Resistance level:
First resistance: $1.2800
Second resistance: $1.3000
Looking at the 1-hour K-line chart, PNUT has an obvious short-term bullish trend, the moving average system is golden cross, and the upward momentum is sufficient. The MACD fast and slow lines are above the zero axis, but the kinetic energy column is shrinking, and there may be a slight adjustment in the afternoon. The middle track of the Bollinger Band can hold up, and the upper track is around $1.2800.
How to play short-term contracts?
Long strategy
When the price returns to around $1.2600, you can try to go long with a light position, set the stop loss below $1.2550, and the target is $1.2800. If it breaks through, you can still see $1.3000. It is recommended to use 3-5 times leverage, which is suitable for conservative investors to seize the recovery opportunity.
Short strategy
When the price rushes to $1.2800 and then falls, you can try to go short with a light position around $1.2770, set the stop loss above $1.2850, and the target is $1.2600. If it falls again, you can still see $1.2500. It is recommended to use 5-8 times leverage, which is suitable for aggressive investors to seize short-term pullbacks.
Summary
PNUT is now at the juncture of shock breakthrough, and the long and short forces are switching back and forth. Investors must flexibly adjust strategies according to key prices, strictly stop losses, and control position risks. When operating in the short term, you must pay more attention to changes in trading volume and market sentiment. Don't chase highs or blindly buy at the bottom. Only by taking steady steps can you win!
If you always miss the mark and are confused about how to operate, you must meet one condition if you want to keep up with the learning: you must be strong in action, do what you say, like + leave a message, and I will help you make a lot of money!
