Are there hidden secrets in PNUT?
Behind the short-term pullback, is it a trap or an opportunity?
Analysis of key levels, don't let the opportunity slip away!
Market Analysis
PNUT is currently in a clear correction trend, with significant bearish pressure and cautious market sentiment. From the price action, bulls are trying to counterattack but with limited strength, and prices may continue to fluctuate at low levels in the short term. Key support levels need to be monitored, as a stabilization could provide a good opportunity for bulls to counterattack.
Support and Resistance
• Support Levels: $0.6500, $0.6200, $0.5800
• Resistance Levels: $0.6900, $0.7200, $0.7500
Short-term Trading Strategy
1. Long Position Plan
• Entry: $0.6550
• Add Position: $0.6300
• Stop Loss: $0.5750
• Take Profit: $0.6900, $0.7200, $0.7500
2. Short Position Plan
• Entry: $0.6900
• Add Position: $0.7150
• Stop Loss: $0.7600
• Take Profit: $0.6550, $0.6300, $0.6000
My Prediction
I tend to favor going long. Although the current market is under significant pressure, the support area is strong, and prices may stabilize and rebound near the support levels in the short term, allowing the bulls to gradually recover some lost ground.
【Daily, I will share analysis of mainstream coins and altcoins with my brothers, you can click on the coin pair tags in the article to trade, wishing my brothers and sisters a bountiful profit!】