$PNUT /USDT Technical Analysis

Current Price: $1.1483

24H High: $1.1697

24H Low: $1.0000

24H Volume (PNUT): 366.88M

24H Volume (USDT): 398.25M

Analysis:

The $PNUT /USDT pair is currently trading above its 24H low and 24H high. The price action suggests a bullish trend, with the price forming higher highs and higher lows. The 24H volume is also increasing, indicating strong buying pressure.

Long Trade Entry:

* Entry Level: $1.1500

* Target: $1.2000

* Stop Loss: $1.0500

* Leverage: 2x

Short Trade Entry:

* Entry Level: $1.1700

* Target: $1.1000

* Stop Loss: $1.2000

* Leverage: 2x

Market Outlook:

The bullish trend is expected to continue in the short term, with the price potentially reaching the $1.2000 level. However, if the price breaks below the $1.0500 level, the trend could turn bearish.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.

Additional Notes:

* The chart shows a clear uptrend, with the price breaking above the previous resistance level.

* The 24H volume is increasing, indicating strong buying pressure.

Overall, the technical analysis suggests that the PNUT/USDT pair is currently in a bullish trend. However, it is important to note that the price may be due for a correction. Traders should use stop-loss orders to protect their positions.

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