PNUT (Peanut the Squirrel): Trading Strategies
Current Situation Analysis
PNUT is a meme token based on the Solana blockchain that has recently become one of the most talked about assets in the cryptocurrency market. After listing on Binance, the token has shown rapid growth, increasing its value by more than 1400% in a few days. At the time of writing, the price of PNUT is around $1.58, with high volatility and significant trading volumes.
PNUT Long 🟢
Entry:
$1.50–$1.55 (support zone).
Take Profits (TP):
$1.70 (first target for profit-taking).
$2.00 (main target if the uptrend continues).
Stop Losses (SL):
$1.40 (moderate risk).
PNUT Short 🔴
Entry:
$1.40 (if the price breaks down through support).
Take Profits (TP):
$1.30 (first target).
$1.20 (deep correction).
Stop Losses (SL):
$1.55 (if the price returns above the level).
Recommendations
PNUT is suitable for experienced traders, as it has high volatility and risk.
Monitor trading volumes and news about the project, as meme tokens are highly dependent on market interest and social media events.
Use a small portion of the portfolio for such investments to minimize losses.
