short technical analysis and trade signal for $PNUT

/USDT as of May 13, 2025, 13:15:

Technical Analysis

Trend: Bullish

Price Action: Up +15.45% in 24h, testing resistance near $0.4847

Momentum: Strong upward — high volume (487M PNUT), confirming buyer interest

Indicators (based on observed data):

Likely above 20/50 EMA

RSI (estimated): Approaching overbought zone (>70)

Trade Signal: LONG (BUY)

Entry Zone: $0.4700 – $0.4750 (on slight dip or current break confirmation)

Stop Loss: $0.4480 (below last support)

Target Levels

Target 1: $0.4900

Target 2: $0.5150

Target 3: $0.5400

Momentum Summary

Trade Bias: Bullish

Confidence: Moderate to High (backed by volume and price action)

Watch For: Rejection at $0.4847 or quick surge to $0.4900+

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