Based on analysis for $PNUT
Key Levels:
1. Support Zone:
• 0.6200 is the immediate support, but likely to break if fear-selling intensifies.
• Buy Zone: Around 0.5880, where accumulation might occur.
2. Resistance Levels:
• 0.6300, 0.6500, and 0.6700 represent sell pressure areas where traders might take profits.
Current Observations:
• Money Flow: Movement of funds in and out indicates active volatility. Fresh buy interest could emerge at lower levels.
• Sentiment: Fear selling might trigger a test of lower zones, but buyers in the 0.5880 range could stabilize the trend.
• UK Market Time: At 5:00 AM, active trading could align with liquidity spikes or volume upticks.
Strategy:
• Buy: Watch closely around 0.5880 if support at 0.6200 fails.
• Sell: Consider partial exits at 0.6300, 0.6500, 0.6700 depending on strength and market behavior.
• Risk Management: Keep tight stop losses, as breaking 0.6200 might lead to further downside.
Would you like me to monitor or refine the analysis further?