$PNUT /USDT Technical Analysis & Trade Signals
Current Market Overview
Price: $1.3686
24h Change: +37.70%
Volume Surge: High activity suggests strong momentum.
Trend: Bullish (Currently overextended; possible retracement soon).
Support & Resistance Levels
Key Support Levels:
$1.20 (Strong support from recent breakout).
$1.00 (Critical psychological level).
Key Resistance Levels:
$1.40 (Current intraday high; immediate resistance).
$1.50 (Potential psychological resistance).
Trading Plan
Entry Zones:
Aggressive Entry: $1.35-$1.37 (Momentum continuation).
Conservative Entry: $1.20-$1.25 (Pullback to support).
Targets 🎯:
1. Target 1: $1.45 (Quick profit-taking zone).
2. Target 2: $1.55 (Momentum-driven target).
3. Target 3: $1.70 (Extended rally potential).
Momentum Indicators
1. RSI: Near overbought (~70+); watch for cooling off.
2. MACD: Strong bullish crossover with rising histogram.
3. Volume: Increasing; suggests a strong trend.
Trade Momentum
Short-Term: Bullish (High volatility, trade carefully).
Medium-Term: Neutral-Bullish (Risk of correction).
Stop-Loss:
For aggressive trades: $1.25.
For conservative trades: $1.10.