$PNUT
/USDT Technical Analysis
Current Price: $1.8043
24h High: $1.8740
24h Low: $1.5000
24h Vol(PNUT): 316.78M
24h Vol(USDT): 528.04M
Gainer: +16.56%
Pattern Analysis: The chart shows a strong bullish trend with a clear uptrend channel. The price has broken above the upper Bollinger Band (BB) and is currently retesting the broken level. This suggests a continuation of the uptrend.
Trade Recommendations:
Long Trade:
* Entry: $1.8043 (Current Price)
* Target: $2.0000 (Next resistance level)
* Stop Loss: $1.6000 (Below the recent swing low)
Short Trade: Wait for a clear bearish signal, such as a reversal pattern or a break below the lower BB.
Market Outlook: The bullish momentum is strong, and a further uptrend is likely in the short term. However, it's important to monitor the market closely for any signs of a reversal.
Leverage: Use leverage carefully and manage your risk. Consider using a stop-loss order to limit potential losses.