$PNUT /USDT Trade Setup (Peanut the Squirrel)

Based on the current price action and the available trading data, here's a short-term setup for PNUT/USDT:

Current Price: $0.4389

Key Data

24h High: $0.4693

24h Low: $0.3427

24h Volume (PNUT): 665,576,536

24h Volume (USD): $279,111,880.59

Amplitude (Price Movement): 10.91%

Bullish Setup (Breakout Above Resistance)

Entry: $0.4480 – Price breaks above recent resistance at $0.4481

Target 1: $0.4650

Target 2: $0.4800 (swing target)

Stop Loss: $0.4250 (just below recent support)

Confirmation: Look for price to hold above $0.44 with increased volume, especially if RSI is above 50 on 1h–4h charts. Watch for bullish candlestick patterns like a close above the resistance level.

Bearish Setup (Breakdown Below Support)

Entry: Below $0.4280 – Break below recent support levels

Target 1: $0.4000

Target 2: $0.3750

Stop Loss: $0.4400

Confirmation: Wait for a candle close below $0.4280, and if RSI is showing bearish divergence or moving below 40, this will strengthen the signal.

Key Technical Levels

Resistance: $0.4481 (recent high)

Support: $0.4250

Trend Bias: Neutral to Bullish (watch price action above $0.44)

Indicators to Watch

Volume spikes on breakout/breakdown

RSI: Above 50 for bullish; below 40 for bearish

MA(7): $0.3051 (support area)

MA(25): $0.2029 (important for longer trends)

Would you like me to track or refine this setup based on further data, or check for additional conditions?

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