🚨🚨🚨Complete Trading setup of $PNUT in 1 hour Timeframe 🚨🚨🚨🚨

All moving averages (MA 7, MA 25, MA 99) showing a bearish alignment, with the shorter-term moving averages below the longer ones.

The volume bar shows a slight increase during price drops, indicating selling pressure.

🚨Support and Resistance

1. Support Levels:

$0.7501: This is the nearest support, where the price recently found some buying interest.

$0.7254: A potential lower support if the price breaks below $0.7501.

2. Resistance Levels:

$0.9063: Nearest resistance, marked by previous price rejection and confluence with the moving averages.

$1.024: A strong resistance point near the MA(99) level.

🐻‍❄️Entry Points

🚨Short Position:

Entry: Around $0.9063–$1.024 (if the price tests resistance and rejects).

Target: $0.7501, $0.7254.

Stop Loss: Above $1.050.

🚀Long Position:

Entry: Around $0.7501 (if the price shows a clear bounce).

Target: $0.9063, $1.024.

Stop Loss: Below $0.7254.

💰Targets and Stop Loss

1. Short-Term Targets:

Upside (Long): $0.9063 and $1.024.

Downside (Short): $0.7501 and $0.7254.

⚠️2. Stop Loss Placement:

For longs, stop loss below the $0.7254 level.

For shorts, stop loss above the $1.050 level.

🐖Market Insights

The market is bearish, and any long trades should only be considered after a confirmed breakout above resistance or a strong bounce from support.

Watch for the volume breakout: Increased volume near support or resistance can indicate the direction of the next move.

RSI or other indicators are not visible in the chart but would help confirm overbought or oversold conditions.

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