🚀 "Is $PNUT Ready for the Next Pop?" 🍿📈
Just added RSI & MACD to my $PNUT/USDT 1H chart and here’s what I’m seeing:
🔹 RSI: 59.6
Still in neutral zone, not yet overbought — potential room to climb!
🔹 MACD:
Momentum fading... histogram turning red ⚠️
Possible bearish crossover incoming 👀
🔹 Price Action:
Big volume spike, upper Bollinger Band breakout & quick rejection
Support sits around 0.1580–0.1600
📉 Short bias if:
MACD flips bearish
RSI breaks below 50
Price falls under MA7/MA25
📈 Long bias if:
Price holds above BB midline (0.1580)
MACD regains strength
RSI crosses 65+
🎯 Scalp Setup:
Buy: 0.1580–0.1600
TP: 0.1670 / 0.1740
SL: Below 0.1570
💡 Watching closely — breakout or fakeout?
📌 Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly.