Red Line (Sellers) > Green Line (Buyers) – Sellers dominating. ✅ RSI (Relative Strength Index): 30.08 – Oversold, but no sign of reversal yet. ✅ MACD (Moving Average Convergence Divergence):
Bearish Crossover: MACD line below signal line, confirming downtrend.
📉 Trade Plan & Risk Management:
📌 Entry Strategy:
Short Entry Below $0.1550, targeting the next support zones.
📌 Stop Loss:
Placed above $0.1650 (Invalidates breakdown).
📌 Target Price Levels: 🎯 Target 1: $0.1500 – Short-term support. 🎯 Target 2: $0.1450 – Major support level.
📝 Market Sentiment & Trade Outlook:
📢 Bearish Bias as the price breaks key support levels with heavy volume.
📉 Trade Duration: Short-Term (1-2 Days) 🚨 Potential Move: If momentum continues, PNUT could drop towards $0.1450 or lower.
🔔 What’s your view on PNUT? Will it find support or continue its downfall? Let us know in the comments! 👇🔥
📌 Disclaimer:
This analysis is for educational purposes only and not financial advice. Always do your own research before investing. 🚀
PNUT is going down. It won't be long before this coin is delisted from Binance. When I first discovered it, it was worth $ 1.58 and today, 15 days later, it is at a paltry $ 0.40