$PNUT
The next opportunity analysis PNUTUSDT shows strong breakout signals
Technical analysis PNUTUSDT
🔹 Current price 02262
🔹 Change over 24 hours plus 217 percent
🔹 Highest price during the day 02276
🔹 Lowest price during the day 02055
🔹 Trading volume 8624 million PNUT
Technical indicators
🔸 Bollinger Bands price has broken the Bollinger average upwards indicating the possibility of continuing the upward movement. The band range has started to widen after a phase of pressure indicating an imminent price explosion
🔸 Relative Strength Index RSI at 6966 is approaching the overbought area but has not exceeded 70 yet, indicating room for further upward movement
🔸 MACD bullish crossover is about to complete with divergence between the averages, which are positive signals
Proposed trading strategy
🔹 Buy now around 02250 to 02265 with the appearance of positive confirmation candles
🔹 Take profit first at resistance 02476 which is the previous peak
🔹 Second target 02550 in case of breaking the resistance
🔹 Stop loss clear break below 02120 which is the lower support of the Bollinger Band
Note: The strategy is short-term based on a two-hour time frame. It is preferable to monitor and move the stop loss with each rise
Is PNUT about to experience a price explosion?
