📊 Analysis on $PNUT /USDT Trading Opportunity

The $PNUT /USDT 1-hour chart shows price stability near $0.6384 after a sharp movement between the 24-hour high of $0.6818 and low of $0.6022. The recent pullback presents potential trade opportunities:

🔷 Long Entry:

If the price breaks above the resistance at $0.6450 with volume confirmation, a long position can be initiated.

Target: $0.6800 (24-hour high retest)

Stop-Loss: $0.6300

🔻 Short Entry:

If the price breaks below $0.6300, showing continued bearish momentum, consider a short position.

Target: $0.6100 (support zone)

Stop-Loss: $0.6450

Key Observations:

1. RSI and volume are crucial to confirm momentum on either side.

2. The current range favors scalping until a breakout occurs.

3. Monitor market sentiment to avoid fakeouts.

#BTCNextATH? #TrumpCountDown #BinanceAlphaAlert #PNUTAnalysis