technical analysis and trade signal for $PNUT

/USDT based on the current price action:

Technical Analysis:

Current Price: $0.6941 (after a +7.36% increase)

Trend: The price is experiencing a bullish momentum, currently above the 24-hour low at $0.6409 and closer to the high of $0.7217.

Support Levels:

First Support: $0.6409 (24h Low)

Second Support: $0.6643 (price movement around the lower bid levels)

Resistance Levels:

First Resistance: $0.7217 (24h High)

Second Resistance: $0.7246 (upper bid)

Trade Signal:

Momentum: Bullish

The recent price surge of +7.36% suggests continuation potential.

RSI and volume should be monitored to confirm that momentum continues.

Target Levels (for bullish outlook):

1. Target 1: $0.7217 (24h High - Immediate Target)

2. Target 2: $0.7350 (extended resistance based on recent price action)

3. Target 3: $0.7500 (psychological level, with potential further upside)

Trade Momentum:

Buy Signal: Entry around $0.6941 with confirmation of continued momentum, target first at $0.7217.

Stop-Loss: Set stop around $0.6643 to mitigate risk.

This outlook is based on the short-term bullish trend, so traders should be ready for possible pullbacks before hitting targets.

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