🟩 Clear Position: SHORT (Confidence: 75%)
♻️ Recommended Leverage: 5x
👉 Entry Zone: $0.7350–$0.7400
🎯 Targets:
• T1: $0.7100 (-3.5%)
• T2: $0.6850 (-7%)
• T3: $0.6700 (-9%)
• T4: $0.6550 (-11%)
⛔ Stop Loss: $0.7700
IF STOP LOSS TRIGGERS
🔄 Reversal Strategy:
• New Entry Zone: $0.7750–$0.7800
• New Targets:
• T1: $0.8000 (+3%)
• T2: $0.8250 (+6%)
• T3: $0.8500 (+9%)
• T4: $0.8750 (+12%)
• New Stop Loss: $0.7450
Key Technical Justifications
1. MACD Bearish Divergence: The histogram shows weakening bullish momentum, and MACD lines are about to cross bearishly, signaling potential downside.
2. Moving Averages: Price is trending below the 7 MA, indicating short-term resistance. The 25 MA suggests the price may consolidate or correct further.
3. RSI Level: RSI is hovering near overbought territory (close to 70) but shows signs of reversal, suggesting selling pressure may increase soon.
4. Volume Drop: After the recent price surge to $0.7889, there has been a decline in volume, which indicates a potential lack of buyer interest at higher levels.
Market Outlook
The PNUT/USDT market has recently seen strong resistance near $0.7889, with the current price hovering around $0.7363. If the price fails to hold above $0.7350, a continuation to lower support levels ($0.7100 and below) is likely. However, a sharp breakout above $0.7700 would invalidate the short bias and initiate a bullish reversal.