Trading Signals for $PNUT Peanut the Squirrel

PNUT is currently experiencing a notable pullback, down -2.86% (1d), with a 24-hour volume decrease of -45.08%. Despite the dip, the Vol/Mkt Cap ratio (29.02%) indicates significant trading activity relative to market cap. The price is consolidating between $0.7258 (24h low) and $0.7792 (24h high), suggesting potential scalping opportunities within this range. Given its recent all-time low and strong rebound, the price action indicates a possible continuation of volatility ideal for scalping.

The narrowing range suggests the formation of a short-term consolidation pattern, likely a descending triangle. A breakout in either direction could present trading opportunities.

Strategy:
Long Position (Bullish Breakout)
Action: Long Entry
Entry Range: $0.7600 - $0.7700
Stop Loss (SL): $0.7550
Take Profit (TP): $0.7900 - $0.8100

Short Position (Bearish Breakout)
Action: Short Entry
Entry Range: $0.7400 - $0.7300
Stop Loss (SL): $0.7450
Take Profit (TP): $0.7100 - $0.6900

🥂 Trade Here👇$PNUT

🚨 Note: Trade at your own risk. Always DYOR before investing.

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