This chart displays the 15-minute time frame of the $PNUT /USDT pair on Binance.

The price is currently trading at $0.7708 with a 24-hour gain of 21.92%. The recent price movement suggests strong bullish momentum, as the chart shows a sequence of higher highs and higher lows.

Analysis:

Long Entry: A long position could be considered above $0.7750, as a breakout above this level might confirm continued bullish momentum.

Stop Loss (Long): Place the stop loss at $0.7500 to protect against downside risk.

Target (Long): The first target could be $0.8000, with an extended target at $0.8200 if momentum continues.

Short Entry: A short position could be considered if the price drops below $0.7500, as this would indicate a potential reversal.

Stop Loss (Short): Place the stop loss at $0.7750 to limit losses if the price rebounds.

Target (Short): The initial target could be $0.7200, followed by $0.7000.

Key Indicators:

The 24-hour high of $0.7847 is a critical resistance zone.

Volume analysis shows significant activity, which supports the bullish scenario.

Wait for clear confirmation of either a breakout or breakdown before entering a trade to minimize risks.

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