$PNUT #Pnut 🌰 *PNUT/USDC SPOT TRADING SIGNAL* 🌰 Meme coin showing mixed signals - caution advised*
🎯 *ENTRY ZONE:* 0.3720-0.3750
(EMA confluence area)
🛑 *STOP LOSS:* 0.3518
(Below 24h low)
🎯 *TAKE PROFIT TARGETS:*
1️⃣ 0.3950 (near 4h resistance)
2️⃣ 0.4167 (24h high)
📊 *KEY INDICATORS:*
• EMA(7): 0.3778 (slightly above price)
• EMA(25): 0.3728 (critical support)
• StochRSI: 7.24 (extremely oversold)
• OBV: -9.47M (showing distribution)
🔍 *CONFLICTING SIGNALS:*
✓ Price above key EMA(25/99)
✓ Oversold conditions may lead to bounce
✗ Negative OBV suggests selling pressure
✗ Low liquidity (only 18M volume)
⚠️ *IMPORTANT NOTES:*
- Meme coins are highly volatile
- Small position size recommended (1-2%)
- Watch for BTC correlation
- Consider waiting for OBV turnaround
💎 *PRO TRADER TIP:*
"Place limit orders at 0.3725 for better risk/reward"
👍 *Like & Follow* for more spot signals!