$PNUT USDT Analysis
$PNUT USDT is currently trading at 1.2993, down 10.85% in the last 24 hours. The chart shows a clear bearish trend with a potential bearish flag pattern forming.
Short-Term Outlook:
* Short Entry: 1.2154 (below the flag pole)
* Target: 1.1659 (flagpole height below the breakout)
* Stop Loss: 1.5285 (above the flag pole)
Market Sentiment:
The overall market sentiment is bearish due to the flag pattern formation and downward momentum.
Leverage:
* Long: 1:1 leverage
* Short: 1:2 leverage
Remember:
* This analysis is for educational purposes only and should not be considered financial advice.
* Always do your own research before making any investment decisions.
* Risk management is crucial in the cryptocurrency market. Use stop-loss orders to protect your capital.
