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$PNUT 📉 PNUT/USDT Analysis – Bearish Breakdown Alert 🚨

🔹 Timeframe: 1H
🔹 Current Price: $0.1533
🔹 Chart Pattern: Ascending Channel Breakdown
🔹 Volume: Massive Increase in Selling Pressure
🔹 Trend Direction: Bearish Breakdown from Key Support

📈 Technical Breakdown:

📌 Price Action Analysis:

Ascending Channel Breakdown: Price broke below the ascending trendline support, confirming a bearish move.

🔹 Key Price Levels to Watch:

📌 Resistance Levels:

$0.1681 (Immediate Resistance)

$0.1705 (Major Resistance)

$0.1828 (Breakout Target)

📌 Support Levels:

$0.1500 (Short-term Support)

$0.1450 (Major Support)

📊 Technical Indicators & Trend Confirmation:

🚨 Bearish Confirmation Across Indicators!

✅ Moving Averages:

Price is trading below the 50 EMA, 100 EMA, and 200 EMA, confirming bearish strength.

✅ ADX (Trend Strength): 40.55 – Extremely strong bearish trend.
✅ DMI (Directional Movement Index):

Red Line (Sellers) > Green Line (Buyers) – Sellers dominating.
✅ RSI (Relative Strength Index): 30.08 – Oversold, but no sign of reversal yet.
✅ MACD (Moving Average Convergence Divergence):

Bearish Crossover: MACD line below signal line, confirming downtrend.

📉 Trade Plan & Risk Management:

📌 Entry Strategy:

Short Entry Below $0.1550, targeting the next support zones.

📌 Stop Loss:

Placed above $0.1650 (Invalidates breakdown).

📌 Target Price Levels:
🎯 Target 1: $0.1500 – Short-term support.
🎯 Target 2: $0.1450 – Major support level.

📝 Market Sentiment & Trade Outlook:

📢 Bearish Bias as the price breaks key support levels with heavy volume.

📉 Trade Duration: Short-Term (1-2 Days)
🚨 Potential Move: If momentum continues, PNUT could drop towards $0.1450 or lower.

🔔 What’s your view on PNUT? Will it find support or continue its downfall? Let us know in the comments! 👇🔥

📌 Disclaimer:

This analysis is for educational purposes only and not financial advice. Always do your own research before investing. 🚀

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