Analysis Report

Market Condition: Bearish

Technical Analysis: The $PNUT chart reveals a descending triangle pattern, a bearish formation indicating potential further price decline. The RSI is below 50, confirming oversold conditions.

Trade Recommendations:

* Short Trade: Enter at the current price (1.0965), targeting 1.0289 with a stop-loss at 1.1220.

* Long Trade: Await a bullish reversal pattern like a double bottom or bullish engulfing candle before considering a long position.

Market Outlook: Short-term bearish, with potential for a bullish reversal upon a significant pattern change.

Leverage: Use leverage cautiously, understanding its risk-amplifying nature.

Disclaimer: This analysis is for informational purposes only. Conduct thorough research or consult a financial advisor before making investment decisions.

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