$PNUT /USDT - Meme Coin Cooling Off 🥜
Current Price: $0.7062 (-3.74%)
Volume (24h): 149.71M $PNUT | $110.73M USDT
Trading Strategy Update - December 25, 2024
Price Analysis & Targets
📉 Target 1 (Downside): $0.7000
📈 Target 2 (Recovery): $0.7400
📈 Target 3 (Upside): $0.7800
Key Resistance: $0.7776 (24h High)
Support Level: $0.6995 (24h Low)
Trend: Mild bearish retracement, with potential for recovery if $0.7000 holds.
Trade Insights
Short-Term Strategy: Monitor $0.7000 as key support. Consider buying near this level with targets at $0.7400 and $0.7800.
Indicators:
EMA: Indicates slight downward momentum.
Bollinger Bands: Price nearing the lower band, signaling potential reversal.
MACD: Bearish crossover; recovery depends on $0.7000 support.
💡 Risk Management: Place stop loss at $0.6900 to minimize downside risk.
📊 Chart suggests a consolidation phase. A bounce from $0.7000 could signal reversal, while further drops below $0.6955 may intensify selling pressure.
🔗 Stay tuned for updates as $PNUT stabilizes and approaches key levels.