"$PNUT /USDT: Tactical Trade Opportunity 🍀"
Current Price: $0.5729
Trend: Bearish continuation; potential for a short-term bounce.
Signal:
1️⃣ Entry Point: $0.5800 (breakout above key level).
2️⃣ Target Price 1 (TP1): $0.6100 (first resistance level).
3️⃣ Target Price 2 (TP2): $0.6400 (extended profit target).
4️⃣ Stop Loss (SL): $0.5500 (to limit downside risk).
Risk Management:
Limit position size to 2% of portfolio.
Watch for bullish candlestick formation and rising volume near $0.5800.
Pro Tip: Combine technical signals with volume analysis to validate the breakout before entering. Be disciplined with your stop loss!
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