$PNUT

/USDT: Consolidating with Breakout Potential 🚀

Current Price: 1.0676 USDT (+0.24% in 24h)

Momentum: Neutral to Bullish

Trade Strategy

Bullish Setup:

Buy: Around 1.0670

Targets:

🎯 1.0800 (Short-term resistance)

🎯 1.1000 (Next resistance zone)

🎯 1.1400 (Previous 24h High)

Stop-Loss: Below 1.0500

Bearish Setup:

Short: If price falls below 1.0500

Targets:

🎯 1.0200

🎯 1.0100

Stop-Loss: Above 1.0800

Watch Out:

RSI: Be cautious if RSI reaches overbought (>70) as the price nears resistance.

MACD: Look for confirmation of a bullish cross to support the uptrend.

Possibility 1: Bullish Continuation

With the price above 1.0600, the market could push higher towards 1.0800 and 1.1000, possibly testing the previous high at 1.1400.

Possibility 2: Pullback or Correction

A drop below 1.0500 could signal a correction, targeting the next support levels at 1.0200 and 1.0100.

Monitor price action closely and adjust your strategy accordingly!

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