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$PNUT : A Long-Term Buying Opportunity š„šÆ
$PNUT is currently trading at $0.8050, showing a significant correction within a descending channel. This presents an attractive buying opportunity for spot traders focusing on long-term investment potential.
Key Observations:
ā¢ Current price action is nearing the support zone of the descending channel, historically a potential reversal area.
ā¢ The 7-day and 30-day price change indicates a strong correction of -37.72% and -49.83%, respectively, which may suggest an oversold condition.
Strategy:
ā¢ Entry: Consider accumulating near current levels or at lower support regions, keeping risk management in check.
ā¢ Target: A mid-term recovery could test resistance at $0.95ā$1.00, with long-term potential for higher levels.
ā¢ Stop-Loss: Set a tight stop below the channel to manage downside risk.
#PENGUOpening #MarketNewHype
$PNUT is currently trading at $0.8050, showing a significant correction within a descending channel. This presents an attractive buying opportunity for spot traders focusing on long-term investment potential.
Key Observations:
ā¢ Current price action is nearing the support zone of the descending channel, historically a potential reversal area.
ā¢ The 7-day and 30-day price change indicates a strong correction of -37.72% and -49.83%, respectively, which may suggest an oversold condition.
Strategy:
ā¢ Entry: Consider accumulating near current levels or at lower support regions, keeping risk management in check.
ā¢ Target: A mid-term recovery could test resistance at $0.95ā$1.00, with long-term potential for higher levels.
ā¢ Stop-Loss: Set a tight stop below the channel to manage downside risk.
#PENGUOpening #MarketNewHype
very bad
$PNUT : A Long-Term Buying Opportunity š„šÆ
$PNUT is currently trading at $0.8050, showing a significant correction within a descending channel. This presents an attractive buying opportunity for spot traders focusing on long-term investment potential.
Key Observations:
ā¢ Current price action is nearing the support zone of the descending channel, historically a potential reversal area.
ā¢ The 7-day and 30-day price change indicates a strong correction of -37.72% and -49.83%, respectively, which may suggest an oversold condition.
Strategy:
ā¢ Entry: Consider accumulating near current levels or at lower support regions, keeping risk management in check.
ā¢ Target: A mid-term recovery could test resistance at $0.95ā$1.00, with long-term potential for higher levels.
ā¢ Stop-Loss: Set a tight stop below the channel to manage downside risk.
#PENGUOpening #MarketNewHype
$PNUT is currently trading at $0.8050, showing a significant correction within a descending channel. This presents an attractive buying opportunity for spot traders focusing on long-term investment potential.
Key Observations:
ā¢ Current price action is nearing the support zone of the descending channel, historically a potential reversal area.
ā¢ The 7-day and 30-day price change indicates a strong correction of -37.72% and -49.83%, respectively, which may suggest an oversold condition.
Strategy:
ā¢ Entry: Consider accumulating near current levels or at lower support regions, keeping risk management in check.
ā¢ Target: A mid-term recovery could test resistance at $0.95ā$1.00, with long-term potential for higher levels.
ā¢ Stop-Loss: Set a tight stop below the channel to manage downside risk.
#PENGUOpening #MarketNewHype
what should we do now?
Market Update on $PNUT : As I predicted, Pnut Coin has slipped below the $1 mark hitting the low, 0.9714, nearing 0.4144. This decline reflects the market trends and sentiments I highlighted earlier.
Investors should stay proactive, watching the market closely and considering strategies like diversification and stop-loss orders to mitigate risks.
Remember, the crypto landscape is highly volatile. Stay informed for the latest updates!
#PNUTRush
Investors should stay proactive, watching the market closely and considering strategies like diversification and stop-loss orders to mitigate risks.
Remember, the crypto landscape is highly volatile. Stay informed for the latest updates!
#PNUTRush