The $PNUT

/USDT chart shows a strong bearish trend. The price has broken below a key support level, indicating a potential downward move.

Trade Recommendations:

* Short Trade: Enter short at the current price of 1.4678. Set a target of 1.3555 (the recent low) and a stop-loss at 1.5545 (the recent high).

* Long Trade: Avoid going long at this point as the overall trend is bearish.

Market Outlook:

Given the bearish breakout and the strong downward momentum, the market is likely to continue its decline. Traders should monitor the next support level at 1.3555.

Leverage:

Use leverage wisely. High leverage can amplify both profits and losses. Always manage risk effectively.

#Crypto #Trading #PNUT #USDT #Binance

Note: This is a brief analysis based on the provided chart. It's crucial to conduct thorough research and consider additional factors before making any trading decisions.