$PNUT
Key Observations:
• Current Price: $0.3622
• Recent High: $0.4247
• Recent Low: $0.2495
• Strong Bullish Candle: Indicates sudden volume and buying interest.
• RSI(25): ~70 (approaching overbought territory)
• EMA(25): $0.1968 (well below current price, showing strong upward momentum)
Suggested Levels:
Buy Entry Zone (Buy on Pullback):
• $0.28 – $0.32
This is a reasonable pullback area closer to the consolidation zone and before the breakout. Wait for confirmation with lower volume red candles or price stabilization here.
Take Profit Zones:
• TP1: $0.40 (near-term resistance just below the previous high)
• TP2: $0.45–$0.48 (if breakout continues and breaks the previous high of $0.4247)
Stop Loss:
• $0.26 – $0.27
Below recent consolidation and near the 0.2495 low; gives room to avoid noise but limits downside risk.
Risk Management Tip:
• Never risk more than 1–2% of your trading capital.
• If you enter around $0.30 and aim for $0.40+, that’s over 30% upside vs ~10–15% downside (favorable risk-reward ratio).
