$PNUT /USDT Analysis

Current Price: $1.1191

24H High: $1.4169

24H Low: $1.1000

24H Vol (PNUT): 427.58M

24H Vol (USDT): 527.53M

Market Outlook:

The $PNUT pair is currently in a downtrend, forming lower highs and lower lows. The recent price action suggests a potential bearish continuation.

Trading Strategy:

Long Trade:

* Entry: $1.1000 (Recent Low)

* Target: $1.4169 (Recent High)

* Stop Loss: $1.0414 (Below Recent Low)

* Leverage: 2x

Short Trade:

* Entry: $1.1191 (Current Price)

* Target: $1.0414 (Recent Low)

* Stop Loss: $1.8740 (Above Recent High)

* Leverage: 2x

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.

Note:

* Leverage can amplify both profits and losses. Use it with caution.

* Always set stop-loss orders to manage risk.

* Stay updated with market news and technical analysis.

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