📊$PNUT /USDT Trading Signal Update

Short-Term Signal

Current Price: $0.6439 (-0.62% in the last 1 hour)

Short-Term Trend: Bearish

Price is nearing the 24h low of $0.6352, indicating potential further downward pressure. High volatility observed in the past 24 hours, with the price dropping from $0.7444 (-12.43%).

🔴Short Position Idea:

If the price breaks below $0.6352, it could trigger further selling pressure. Potential short-term target: $0.6200-$0.6000.

Long-Term Signal

Current Price Action: The downtrend in the last 24 hours shows hesitation around the $0.64 level. Look for a recovery bounce above $0.6600 or confirmation of a reversal near $0.6800 to consider long positions.

🟢Long Position Idea:

Entry: Wait for a confirmed breakout above $0.6800. Target: $0.7200-$0.7400.

Profit/Loss Considerations

Short-Term Loss Risk: A rapid bounce from $0.6352 could liquidate shorts. Use stop-loss orders near $0.6550 to mitigate risks.

Long-Term Profit Opportunity: Buyers accumulating near $0.6400 may see gains if the price rebounds toward $0.7000+.

📉Risk Management:

Always set stop-losses to protect against unexpected price reversals. Monitor volume closely for signs of market direction.

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