3️⃣ Volume Analysis 📊 •24H Volume: High trading activity (~206M PNUT). •Observation: High volume during price spikes but tapering off during consolidations. This suggests traders are booking profits after short-term moves.
4️⃣ Trend Analysis 📈📉 •Early November Rally: Massive surge from $0.10 to $2.50 🚀 •Likely driven by hype or news. •Post-Rally Decline: Steady drop back to sub-$1 levels 🔻 •Indicates a lack of sustained demand.
5️⃣ Indicator Insights 🔍 •Moving Average (MA): •The short-term MA likely shows bearish pressure as prices are below major levels. •RSI (Relative Strength Index): •If shown, RSI would likely be neutral, reflecting consolidation after the rally.
6️⃣ Candlestick Patterns 🕯️ •Large red candles followed the rally, signaling panic selling. •Recent smaller green candles suggest recovery or consolidation.
7️⃣ Next Moves 🔮 •Bullish Case: Break above $0.86 → Retest of $1 and potentially $1.75. •Bearish Case: Drop below $0.58 → Downtrend to test $0.40.
8️⃣ Strategy Ideas 📌 •Short-Term Traders: Watch for breakout or breakdown at $0.86 or $0.58. 📊 •Long-Term Investors: Evaluate fundamentals before entering, as this appears volatile.
PNUT/USD is showing bullish momentum, trading at $0.6424, suggesting growing interest among investors. The token has been steadily climbing, supported by solid buying pressure.
Key Levels to Watch:
Support: $0.6200 – A solid foundation for bulls to hold.
Resistance: $0.6700 – The hurdle to clear for further upside.
Trading Strategy:
Long Entry: Consider buying around $0.6300, targeting $0.6700, with a stop-loss at $0.6100.
Breakout Play: A clean break above $0.6700 could lead to a surge toward $0.7000.
PNUT’s steady climb and bullish outlook make it one to watch closely. Keep an eye on market sentiment and volume to confirm the next move!
hold until trump take oath. your loss will recover
DYOR is the Best Policy
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asSalamu alaikum bro. I bought BTC on 19th December at 102K, should I sell now ? this will cost me a great loss. at least 18K ! what's your opinion ? should I wait ?