$PNUT PNUT/USDT price movement to determine potential buy entries and stop loss (SL) levels for the next 12 hours. Here's the analysis based on the visible indicators:
1. Current Price: The last price is 1.09146 USDT, with an increase of +2.13%. 2. RSI (Relative Strength Index): RSI is at 50.10, indicating a neutral zone. However, if it continues rising above 60, it could signal bullish momentum.
3. MACD (Moving Average Convergence Divergence): The MACD histogram shows a weak bullish crossover, indicating early positive momentum.
4. Stochastic Oscillator: Stochastic is at 70.02, nearing the overbought zone. A slight correction might occur before further upward movement.
5. OBV (On-Balance Volume): The volume indicates stability without significant selling pressure, supporting potential further price increases.
6. Bollinger Bands: The price is near the middle of the Bollinger Bands, suggesting the potential for an upward move if a breakout occurs. Buy Entry and Stop Loss Buy Entry: Wait for a breakout confirmation above 1.09500 (nearest resistance). If the price holds above this level with increasing volume, itâs a good buy entry. Target Profit: Short-term target at 1.11000 (next psychological resistance). Second target around 1.12500 if bullish momentum continues. Stop Loss (SL): Place the SL below 1.08000 to limit losses if the price moves against you. Notes: Monitor volume dynamics and confirm bullish candlestick patterns before entering a position. Significant changes in the next 12 hours could be influenced by fundamental news or unexpected volume spikes. PNUTUSDT Perp 1.11127 +1.82%
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