$PNUT Trade Proposal – PNUT/USDC
Currently:
The price of PNUT/USDC is at 0.3757 USDC, up by +15.28% over the last 24 hours. The 15-minute chart shows a bullish recovery after a low of 0.3500, with a recent peak at 0.3866.
The moving averages indicate positive momentum:
MA(7) = 0.3660 (above MA(25) = 0.3645)
MA(99) = 0.3510, indicating a lower long-term support
The MACD crosses above the signal line (slightly bullish)
Trade strategy proposal (short term – intraday):
Entry (buy): around 0.3730 - 0.3750 USDC
Target (take profit): 0.3860 - 0.3900 USDC (previous resistance zone)
Stop loss: 0.3640 USDC (below MA(25) and previous consolidation level)
Estimated risk/reward ratio: approximately 1:2, which is favorable.
Note: Due to volatility, using a limit order is recommended. Also consider adjusting your position based on your capital and risk tolerance.
