$PNUT
/USDT Technical Analysis and Trade Signal 🚀🎯
Current Price: $1.3071
Bollinger Bands:
Upper: $1.3243
Middle: $1.2890
Lower: $1.2537
SAR: $1.2441
Volume: Strong buying pressure, 396.60M in PNUT volume, 481.39M in USDT volume.
Trend: Bullish momentum (current price +21.07% in the last 24 hours)
Order Book Depth: 22.29% indicating strong buying interest.
Technical Indicators:
1. Bollinger Bands: Price near the upper band, suggesting the price is in the overbought zone. Potential for a slight pullback to middle or lower bands.
2. EMA & Moving Averages: Showing strong upward momentum. Price above key short and long-term moving averages.
3. SAR (Stop and Reverse): At $1.2441, providing support in case of a downside reversal.
4. MACD: Likely showing continuation of bullish trend with increasing momentum.
Trade Signal & Strategy:
Buy Signal:
Entry: $1.3100–$1.3200 (near current price or any pullback to the middle Bollinger Band).
Target Levels:
Target 1: $1.3500 (near the 24h high).
Target 2: $1.3750 (next resistance level based on previous price action).
Target 3: $1.4000 (psychological resistance, near upper Bollinger Band).
Stop Loss: $1.2400 (below SAR level and recent support zone).
Trade Momentum:
The strong 24-hour volume and market depth support the bullish momentum. There is a high probability of a continuation toward the upper targets ($1.35–$1.40).
If the price shows signs of pulling back to the SAR ($1.2441) or middle Bollinger Band ($1.2890), consider re-entering with a more conservative target.
Caution:
Monitor price behavior around $1.3243 (upper Bollinger Band) for potential reversals. If the price fails to break this level convincingly, a pullback to $1.2890 or even $1.2537 is possible.
