š PNUT/USDT Technical Overview
Current Price: $0.355883
24h Change: +54.83%
24h High / Low: $0.40752 / $0.228007
Market Cap: $354.98M
24h Volume: $1.27B
PNUT has experienced a significant surge, with a 54.83% increase in the last 24 hours, indicating strong bullish momentum.
š Technical Indicators
Moving Averages:
10 out of 15 indicators suggest a 'Buy' signal.
Oscillators:
5 indicators suggest 'Buy', 4 are 'Neutral', and 1 indicates 'Sell'.
Overall Technical Rating: Strong Buy
The majority of technical indicators point towards a continued upward trend for PNUT.
šÆ Trade Setup
Entry Zone: $0.31 ā $0.35
Take-Profit Targets:
TP1: $0.42
TP2: $0.61
TP3: $1.00
Stop-Loss: $0.27
This setup aims to capitalize on the current bullish momentum while managing risk effectively.
š Chart Analysis
The PNUT/USDT chart exhibits a strong upward trajectory, breaking through previous resistance levels. The price action suggests the potential for further gains, especially if the current momentum is sustained.
ā ļø Risk Management
Given the high volatility associated with meme coins like PNUT, it's crucial to employ proper risk management strategies. Ensure position sizes are appropriate for your risk tolerance, and always use stop-loss orders to mitigate potential losses.