PNUT/USDT Trading Strategy

Key Observations:

✅ Strong Uptrend – The price is making higher highs and higher lows.

✅ Exponential Moving Averages (EMA):

EMA(7) (yellow) is above EMA(25) (pink) and EMA(99) (purple) – bullish signal.

✅ MACD: Showing strong bullish momentum.

✅ RSI (6): 96.59 – Overbought Zone ⚠️ (Possible correction ahead).

Trading Strategy 🎯

1. Short-Term Scalping (High Risk, High Reward) 🚀

🔹 Buy on Small Dips: Wait for minor pullbacks towards EMA(7) at ~0.2044 for re-entry.

🔹 Target Levels:

First target: 0.2308 (psychological resistance).

Second target: 0.25+ if momentum continues.

🔹 Stop-loss: Below 0.1926 (previous structure support).

2. Swing Trading Strategy ⏳

🔹 Entry Points: Wait for a correction towards 0.18 - 0.19 (EMA 25 zone) before entering.

🔹 Exit Strategy:

Short-term: Sell at 0.23 - 0.25.

Mid-term: If price holds above 0.20, ride the trend higher.

🔹 Risk Management: Place a stop-loss below 0.17 to protect capital.

Warning ⚠️

📉 RSI is Overbought (96.59) – Be cautious of potential retracement!

🚨 If the price fails to hold 0.20, a deeper correction towards 0.17 - 0.18 is likely.

Final Thought 💡

Trend is your friend! But wait for dips instead of chasing pumps. Keep an eye on RSI cooling down before entering aggressive long positions. 🚀🔥