Trade Strategy for $PNUT /USDT
#possible_breakout_maybe_coming
1. Long Trade (Buying Strategy)
Entry Price: $0.1560 - $0.1600 (After confirmation above resistance)
Target Level: $0.1750 - $0.1900
Stop Loss: $0.1480
Key Breakout Level: $0.1615 (MA(25) resistance)
2. Short Trade (Selling Strategy)
Entry Price: $0.1530 - $0.1550 (If price rejects resistance)
Target Level: $0.1400 - $0.1340
Stop Loss: $0.1620
Key Breakdown Level: $0.1532 (24h low, if broken expect more downside)
Key Notes:
Trend: Bearish with temporary bounce
Risk Management: Maintain at least a 1:2 risk-reward ratio
Volume Confirmation: Watch for volume increase near breakout/breakdown levels
Trade cautiously!
