PNUT / TetherUS
Updated

PNUT buy/long setup (4H)

1000
Given the clearance of the resistance order block, a bullish iCH, the formation of a support zone, and the preservation of the low, we can look for buy/long positions on PNUT with a setup that offers a favorable risk-to-reward ratio.

The green zone marks the entry area for the position, while the targets are indicated on the chart.

If the invalidation level is touched, this setup will be stopped.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade closed: target reached
It was analyzed from the price of 0.1647, pumped over 24%, and TP 1 was hit.
snapshot

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