PNUT / TetherUSLong
PNUT - bullish divergence
🚀 The bullish divergence in RSI and stabilizing price suggest a potential reversal or consolidation phase. If the price breaks above $0.20-$0.22 resistance, it could signal the start of a bullish reversal. 🚀
Support and resistance levels provide additional context for the current price action. Immediate support lies in the $0.15-$0.16 range, with stronger support expected around $0.10-$0.12. On the upside, resistance is found at $0.20-$0.22, followed by stronger resistance at $0.30-$0.40. A breakout above $0.20-$0.22 could signal the start of a bullish reversal, while a breakdown below $0.15 would likely lead to further declines.
Stop-Loss- Place a stop-loss below $0.15 to manage risk.
Support and resistance levels provide additional context for the current price action. Immediate support lies in the $0.15-$0.16 range, with stronger support expected around $0.10-$0.12. On the upside, resistance is found at $0.20-$0.22, followed by stronger resistance at $0.30-$0.40. A breakout above $0.20-$0.22 could signal the start of a bullish reversal, while a breakdown below $0.15 would likely lead to further declines.
Stop-Loss- Place a stop-loss below $0.15 to manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.