$PNUT How to Move at This Level?

1. Wait for Resistance Breakout (Breakout Strategy):

• If the price breaks the 0.6500 level with a strong volume increase, this may indicate that the rise will continue.

• Buying Point: You can buy after a breakout between 0.65 - 0.6550.

• Targets:

• Short-term target: 0.6800

• Long-term target: 0.7250 (200 MA level).

• Stop-Loss: Exit the trade if there is a fall below 0.6400 again.

2. Buying from Support (Pullback Strategy):

• If the price is rejected from the resistance (0.6500), it can be expected to fall back to the 0.6022 - 0.5829 area.

• A pullback to these levels offers a safer buying opportunity.

• Buy Point: Price holding around 0.6020 and an upward reversal signal (e.g. MACD positive crossover).

• Stop-Loss: Exit the position if it falls below 0.5687 (50 MA).

3. Does It Make Sense to Open a Trade Now?

• Buying at 0.6420 is risky because it is close to the resistance zone. The price may be rejected from the 0.6500 zone.

• Therefore, it is safer to apply a wait strategy right now.

• If the resistance is broken or the price pulls back to the support zone, you can get clearer signals for buying