PNUT Technical Analysis and Trading Strategy
Price Trend
- Short-term: PNUT is consolidating around the $0.58 - $0.60 support zone after hitting the $0.72 - $0.75 resistance level.
- Trading Volume: High volume indicates strong investor interest.
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Trading Strategy
1. Buy (Long): $PNUT
- Entry Point: Near $0.60 with bullish reversal signals.
- Take Profit:
- TP1: $0.70.
- TP2: $0.75.
- Stop Loss: Below $0.57.
2. Sell (Short): $PNUT
- Entry Point: Near $0.72 with bearish reversal signals.
- Take Profit:
- TP1: $0.65.
- TP2: $0.60.
- Stop Loss: Above $0.76.