Short Trade Signal: $PNUT USDT (30m Chart)🔥💯
1. Entry Zone: $0.6920 - $0.6950
2. Stop Loss (SL): $0.7050
3. Take Profit 1 (TP1): $0.6800
4. Take Profit 2 (TP2): $0.6700
Technical Overview:
• The price is trending within a well-defined descending channel, indicating sustained bearish momentum.
• The immediate resistance lies near the upper trendline at $0.6950, making this the ideal entry zone for a short position.
• A break below $0.6900 could accelerate the decline toward the lower support zone around $0.6700.
Risk Management:
• Keep SL tight at $0.7050 to avoid upside risk if the trend reverses.
• Partial profit recommended at TP1 to secure gains, with the remainder trailing to TP2 for extended targets.
Stay vigilant for volatility near entry!