$PNUT /USDT Technical Analysis & Trade Signal🔥🔥🔥🔥🚀🚀🚀🚀
Current Price: $1.0999
24h High: $1.1792
24h Low: $1.0900
Key Technical Indicators
Support Levels: $1.0900 (24h low), $1.0790
Resistance Levels: $1.1500, $1.1792 (24h high)
Momentum Analysis
The current momentum is showing a downtrend based on the recent price action and percentage losses across different timeframes:
15m: -1.1747%
1h: -1.9243%
4h: -4.5778%
1D: -7.2312%
The price is facing downward pressure, but it is important to note that if the price holds above $1.0900, there might be a chance for a bounce.
Trade Signal & Target Levels
Entry Point: $1.0999 (current price), or wait for a potential bounce at $1.0900.
Target Levels:
Target 1: $1.1300 – If the price recovers from the recent low and breaks past the resistance at $1.1100, this would be the first level of upward momentum.
Target 2: $1.1500 – A stronger rebound could push the price toward this resistance zone.
Target 3: $1.1792 – This is the 24-hour high, and if the market shows strong bullish momentum, it could test this level.
Stop-Loss: Consider setting a stop-loss around $1.0850 (below the 24h low of $1.0900) to limit potential losses in case the downtrend continues.
Trade Momentum
The market momentum is currently bearish, so caution is advised. However, if the price holds above $1.0900, there could be a potential reversal toward the targets mentioned above.