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### 1. Current Market Overview
To provide precise entry and exit points, it's essential to analyze live charts and indicators (e.g., RSI, MACD, EMA/SMA, Volume, etc.). Since I can't access live data directly, here's a generalized strategy. If you'd like specific values, share recent key levels or let me assist in interpreting your chart observations.
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### 2. Long (Buy) Setup
Criteria for Entry:
- Price above 50 EMA and 200 EMA (bullish trend confirmation).
- RSI crosses above 50 (momentum confirmation).
- Breakout above a significant resistance level with strong volume.
#### Entry:
- Place a buy order around $X (current resistance breakout) or at $Y (pullback to support if confirmed).
#### Take Profit (TP):
1. First TP: Previous swing high (e.g., $Z).
2. Second TP: Fibonacci extension level 1.618 or 2.0 above the breakout.
#### Stop Loss (SL):
- Place SL just below the breakout point or recent swing low, around $S.
#### Trade Duration:
- Short-term: 1-5 days (breakout momentum).
- Medium-term: 1-2 weeks (if targeting higher Fibonacci levels).
#### Contingency Plan if Signal Turns Bearish:
1. Trend Breaks Down: If price closes below the 200 EMA or SL, exit immediately.
2. Bearish Divergence in RSI or MACD: Reduce position size.
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### 3. Short (Sell) Setup
Criteria for Entry:
- Price below 50 EMA and 200 EMA (bearish trend confirmation).
- RSI drops below 50 and/or 30 (weak momentum).
- Break of a key support level with increasing selling volume.
#### Entry:
- Short around $A (support breakdown) or on a pullback to resistance near $B.
#### Take Profit (TP):
1. First TP: Previous swing low (e.g., $C).
2. Second TP: Fibonacci extension level 1.618 or 2.0 below the breakdown.
#### Stop Loss (SL):
- Place SL just above the resistance level or recent swing high, around $R.
#### Trade Duration:
- Short-term: 1-5 days (downtrend momentum).
- Medium-term: 1-2 weeks (continuation in strong bearish trends).
#### Contingency Plan if Signal Turns Bullish:
1. Trend Reverses: If price reclaims the 50 EMA or SL is hit, exit immediately.
2. Bullish Divergence in RSI or MACD: Close position partially.
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### 4. Key Indicators to Watch
- Moving Averages (MA): For trend confirmation (e.g., 50 EMA, 200 EMA).
- RSI: Overbought (>70) or oversold (<30) levels for entry/exit signals.
- Volume: Ensure breakouts/breakdowns are accompanied by above-average volume.
- Fibonacci Retracement/Extension: To identify support and resistance levels.
- MACD: Look for bullish or bearish crossovers.
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### 5. General Risk Management
1. Position Sizing: Risk no more than 1-2% of your portfolio per trade.
2. Trailing SL: Adjust SL as price moves in your favor to lock in profits.
3. News and Events: Monitor market news that may impact PNUT/USDT.
