📉 $PNUT /USDT Market Analysis 📉

Current Price: $0.6290 (-10.39%)

24h High: $0.7300

24h Low: $0.6249

24h Volume: 246.29M PNUT

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📈 Trading Signals:

🔹 Long Position:

Entry Zone: $0.6200 - $0.6400

Target 1: $0.6700

Target 2: $0.7000

Stop Loss: Below $0.6100

🔹 Short Position:

Entry Zone: $0.6700 - $0.7000

Target 1: $0.6400

Target 2: $0.6200

Stop Loss: Above $0.7100

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🔍 Technical Insights:

Support Levels: $0.6200 is the critical support zone; failure to hold could push the price towards $0.6000.

Resistance Levels: $0.6700 acts as immediate resistance, with significant pressure at $0.7000.

Trend Analysis: Bearish momentum persists, but oversold conditions may lead to a relief rally.

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⚠️ Risk Management Tips:

Use tight stop-losses to limit potential downside.

Monitor volume spikes to identify potential trend reversals.

Consider partial profit booking near key resistance levels.

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