December 4, 2024 (PNUT) Trading Strategy

1. Market Analysis

The price of (PNUT) is $1.26, with a daily high of $1.31 and a low of $1.17. Recently, the price of PNUT has experienced significant volatility, having surged 1400% due to a tweet from Musk, followed by a correction. 

2. Technical Analysis

• Support Levels:

• First Support Level: $1.10

• Second Support Level: $0.90

• Third Support Level: $0.70

• Resistance Levels:

• First Resistance Level: $1.50

• Second Resistance Level: $1.80

• Third Resistance Level: $2.00

The technical indicators show that PNUT has strong support near $1.10. If it breaks the resistance level of $1.50, it may rise further.

3. Short-Term Contract Strategy

• Long Strategy:

• Entry Point: $1.20

• Stop Loss: $1.00

• Take Profit: $1.50

• Short Strategy:

• Entry Point: $1.50

• Stop Loss: $1.60

• Take Profit: $1.20

Investors are advised to set strict stop-loss and take-profit levels based on market trends to avoid chasing highs or catching bottoms.

If PNUT breaks above $1.50, it may test $1.80 or higher in the short term; if it falls below $1.10, it may retrace to $0.90 or $0.70.

【Feel free to like and comment, and if you need analysis on specific cryptocurrencies, you can comment. Brothers making money remember to register on Binance with my referral code for a 20% fee discount. Referral Code: Q9TB8ODZ, wishing all brothers and sisters a bountiful day!】$PNUT