$PNUT
/USDT Technical Analysis and Trade Signals 🎯
Trend Analysis:
The price of PNUT/USDT is bearish in the short term, as indicated by the price trading near the Lower Bollinger Band (1.1850) and the SAR (1.2317) being above the price.
Key Levels:
Resistance: 1.2317 (SAR), 1.2287 (Upper Bollinger Band).
Support: 1.1850 (Lower Bollinger Band), 1.1537 (24h Low).
Volume and Volatility:
High 24-hour volume with significant price movements (-13.63% daily low) reflects high volatility and potential trend continuation.
Potential Reversal Signs:
The price hovering near the lower Bollinger Band might attract buyers, indicating a potential short-term rebound.
Trade Strategy 🎯
Scenario 1: Long Position (Reversal Play)
Entry Zone: 1.1850–1.1950 (near Lower Bollinger Band).
Targets:
🎯 Target 1: 1.2068 (Middle Bollinger Band).
🎯 Target 2: 1.2287 (Upper Bollinger Band).
🎯 Target 3: 1.2317 (SAR Level).
Stop Loss: 1.1500 (below 24h low).
Rationale: Oversold conditions near the lower Bollinger Band could lead to a bounce toward the middle band.
Scenario 2: Short Position (Trend Continuation)
Entry Zone: 1.2050–1.2100 (near Middle Bollinger Band).
Targets:
🎯 Target 1: 1.1850 (Lower Bollinger Band).
🎯 Target 2: 1.1600 (psychological support).
🎯 Target 3: 1.1500 (below the 24h low).
Stop Loss: 1.2350 (above SAR).
Rationale: Bearish momentum from SAR and resistance at the middle band supports a continuation of the downtrend.
Risk Management:
Only risk 1–2% of capital per trade.
Adjust stop losses to break even once Target 1 is reached to secure profits.