$PNUT/USDT
Signal long and short
DYOR ❤️ graph chart
Here's a detailed entry and exit strategy for the PNUT/USDT pair based on the chart and key factors:
Key Factors to Monitor
1. Support and Resistance Levels:
Resistance: $0.7300 (24H high) – A breakout above this indicates further bullish momentum.
Support: $0.6575-$0.6585 – Price needs to hold above this to maintain stability.
2. Volume:
High volume on a breakout above resistance confirms a bullish trend.
Declining volume near resistance could signal rejection or consolidation.
3. Moving Averages:
MA(7): Close to the current price – reflects short-term momentum.
MA(25) and MA(99): These are still above the current price, indicating that the broader trend could still be bearish unless crossed.
4. Market Sentiment:
The price has increased by 10% in 24 hours, showing bullish sentiment, but it needs confirmation by breaking key resistance.
Entry Strategy
For Long Position:
1. Aggressive Entry: Enter now around $0.6700 with a tight stop-loss at $0.6550.
Risk: Early entry could expose you to volatility near the support zone.
2. Conservative Entry: Wait for a breakout above $0.7300 with strong volume confirmation.
Target 1: $0.7500
Target 2: $0.8000
For Short Position:
1. Aggressive Entry: Enter short near $0.7300 if the price gets rejected at resistance.
Stop-loss: $0.7400
Target: $0.6500, then $0.6000.
2. Conservative Entry: Enter short if the price breaks below $0.6575 with volume confirmation.
Target: $0.6000.
Exit Strategy
For Long Trades:
1. Partial Exit: Take profit at $0.7500 (psychological level).
2. Full Exit: Exit at $0.8000 or if the price struggles to hold above $0.73 after a breakout.
For Short Trades:
1. Partial Exit: Take profit at $0.6500.
2. Full Exit: Exit at $0.6000.
Risk Management
1. Stop-Loss:
For long trades: $0.6550.
For short trades: $0.7400.
2. Risk-Reward Ratio:
Aim for at least 1:2 risk-to-reward.
Final Notes
Use volume as your key confirmation indicator for breakouts or breakdowns.
Be cautious of false breakouts near $0.7300.
Always adjust your strategy based on real-time market conditions.
