$PNUT /USDT BEARISH TREND ANALYSIS:
short trade signal 💥
Future trades alert ⚠️
Key Levels:
- Current Price: $0.5985
- Resistance Levels:
- $0.7500
- $0.7000
- $0.6500
- Support Level:
- $0.5897
Trade Setup:
- Short Entry:
- Entry Point: $0.5985
- Take Profit (TP):
- TP1: $0.5500
- TP2: $0.5000
- Stop Loss (SL): $0.6250
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust to risk no more than 2% of your trading capital.
Summary:
We are looking for a short trade on $PNUT/USDT due to the clear bearish trend indicated by the recent price action. The price has broken below key support levels and is showing strong downward momentum. This setup offers a favorable risk/reward ratio with well-defined targets and stop loss.
Happy Trading! 🚀