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📉 PNUT/USDT Short Trade Setup - High Risk 📉
🚨 Trade Setup Overview: We're observing a potential short trade opportunity on the PNUT/USDT pair, on the 1-hour chart. This setup is considered high risk due to market volatility, so please proceed with caution and proper risk management.
📝 Analysis Summary: The chart shows a bearish breakout from a pennant pattern, suggesting possible further downside. We’re targeting key support levels if the bearish momentum continues, but a stop-loss is essential to minimize risk.
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🚩 Entry & Trade Details:
Entry Zone: Around 1.74 – this is where the price has started its downward move, following the breakout from the pattern.
Stop-Loss (SL): 2.15 – set above the recent highs to limit potential losses if the trade moves against us.
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🎯 Target Levels:
Target 1 (TP1): 1.00 – a conservative target to secure initial profits as the price tests nearby support.
Target 2 (TP2): 0.42 – a deeper level near the support zone, aiming to capture a larger move if the bearish trend continues.
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⚠️ Risk Warning & Disclaimer:
This is a highly risky short trade setup. Please use this information with caution, and remember that trading involves a high level of risk. Ensure you are using appropriate leverage, managing your stop-loss closely, and only trading with funds you are willing to risk.
📈 Risk Management: Watch this trade closely. Over-leveraging is not recommended, and risk should be kept to a small portion of your capital.
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Stay safe, and trade wisely!
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