PNUT/usdt

Trade Setup

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1. Entry Point:

Enter at $1.34 (current price level) or $1.30 if the price pulls back slightly to support.

2. Stop-Loss (SL):

Place the SL at $1.25, below the recent low of $1.2593 to protect against further downside.

3. Take-Profit (TP):

TP1: $1.42 (25 EMA level as resistance)

TP2: $1.50 (psychological resistance and near 99 EMA level)

TP3: $1.54 (24-hour high).

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Hedging Strategy

If the price falls below $1.25, open a short position targeting $1.20. Exit the short if the price rebounds to $1.30.

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DCA Strategy (Dollar Cost Averaging)

If the price drops after entry:

1. First DCA level: $1.30

2. Second DCA level: $1.27

Maintain a DCA limit to avoid overexposure. Use 25%-50% of your initial position size for each DCA entry.

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Key Indicators

The RSI is at 40.75, suggesting mild oversold conditions, which might indicate a potential bounce.

Watch the EMA(25) and EMA(7) levels for confirmation of upward momentum.