$PNUT Market Analysis and Strategy
Market Overview: Price $0.8303, daily drop -17.13%, bearish trend, in a downward channel, 24-hour high and low prices are $1.0538 and $0.8145 respectively, trading volume 232 million PNUT
Moving Averages: MA (7) $0.9548 and other levels constitute resistance, price is far below moving averages, strong downward.
MACD: Bearish momentum increases
Trading Volume: Increases on declines, decreases at low levels
Support at $0.8145 and resistance at $0.9500
Short: If rebounds to $0.9400 - $0.9500 without breaking, can go short, take profit at $0.8500 or $0.8100, stop loss at $0.9800
Long: If falls back to $0.8150 - $0.8300 and stabilizes, can go long, take profit at $0.8800 or $0.9500, stop loss at $0.7850
Short-term or oversold rebound, if it cannot stabilize above $1.0000 in the medium term, still biased bearish.
Focus on support at $0.8145, control positions to prevent pullbacks
