$PNUT TECHNICAL ANALYSIS!
#TrumpBTCBoomOrBust #PNUTMoon🚀
1. Current Price: The current price of PNUT/USDT is approximately 0.7319.
2. Support Level: There's a visible support level at around 0.7295.
3. Resistance Levels:
TP1 is identified at approximately 0.8 (9.08% potential gain from current levels).
TP2 is set at around 0.9 (19.11% potential gain from current levels).
4. Stop Loss: A stop-loss level is marked at 0.7, which is about a 4.99% loss from the current price.
5. Trendline Breakout: The chart shows a breakout from a descending triangle or consolidation pattern, typically bullish.
6. Indicators: The Heikin Ashi candles and breakout direction suggest a bullish sentiment.
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Predictions:
Upside Potential:
If the price sustains above the 0.7295 support and confirms the breakout, it can move toward TP1 (0.8) and then TP2 (0.9) as bullish targets.
Breaking 0.8 could attract more buying pressure.
Downside Risk:
If the price fails to hold above 0.7295, it could retest 0.7 and possibly go lower to around 0.6138, the next major support level.
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and you should only trade with funds you can afford to lose. Conduct your own research or consult a professional before making any financial decisions.
