$PNUT pnut in a rounded Bottom Pattern ... Bottom out?$pnut PNUT made a 60% retracement from an all time high of about $2.4
Current price: $1.37
#pnut is currently form a rounded bottom, Price action is bottoming out...
But pnut is stuck in the range between 1-1.38
A break above can lead to higher price points up to $2.8
Pnutusdtlong
PNUT Double Bottom Signal
The $PNUT Peanut the Squirrel token did a whooping 70% correction
It even broke GP. Thanks to BTC it had a role to play in this too. But huge support held PNUT at $59 - $0.61 .
A clear and obvious Double Bottom has appeared in the chart . This is a bullish signal , which means PNUT is ready to go back up. I am holding from $0.61. The blue-line support-turned-resistance line needs to be broken.
See target and resistance levels expected on the chart. Goodluck. BTC is again crucial for this momentum to continue .
Correct me if i'm wrong. Like if you disagree. Comment if you agree 👍
PNUT COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!$PNUT Coin Updates & Possible Moves!!
• Right Now $PNUT Coin Holding its 4h Local Support and technically its look in over sold zone... That's mean Quick Bounce Back Expected✅
• if its failed to Hold current Support Then Next Strong support will be 0.50$ Area🫠
PNUT - LONG - Re-entry*This is a re-entry of my other idea. This trade is quite risky so you should not use too much capital. I even think about closing at target 1 if I see a lot of resistance.
Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade.
Until it breaks 1.18 or 1.20, it could remain bearish down to 1.0. So, it’s just speculation right now, but my target is 1.38, where I would take a partial profit of 50% or 75%, or close the position if there is a lot of rejection. But I plan to protect it soon, if it breaks 1.14. Still, nothing is certain yet, it remains bearish. So we have to be very careful.
Targets:
T1: 1.38
T2: 1.55
Stops:
0.98 (4 hours)
0.95 (swing/days)
PNUT - Re-entry - LONG*This is a re-entry of my other idea. This trade is quite risky so you should not use too much capital. I even think about closing at target 1 if I see a lot of resistance.
Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade.
T1: 1.38
T2: 1.55
PNUT - Strong Support - LONG - 4 hour*This is a new setup, better confirmed but very risky with a very tight stop. Be careful.
We are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T3: 1.50 (close) - daily
PNUT | I'm Not Convinced That The Decline Is OverConsolidation and upward movement after the decline, nice but very visible.
After this point, I expect another downward movement and come to the blue box below. Of course, I will not take short trades, in fact, I can take trades with 5-minute upward breaks in the first blue box, but my general expectation is a little puncture in the blue box below and then very fast and sudden increases.
My Previous Ideas
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PNUT - Strong Support - LONGWe are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T3: 1.50 (close) - daily
Stoploss: 0.85 (4 hour) or 0.75 (daily)
PNUT - Strong Support - LONGWe are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level.
T1: 1.18 - 1.20 (protect trade) - 4 hour
T2: 1.35 (partial or close) - 4 hour
T3: 1.50 (close) - daily
Stoploss: 0.85 (4 hour) or 0.75 (daily)
Long trade idea for PNUTUSDT Long trade idea for PNUTUSDT
Falling Wedge measured from end Nov
Entry after pullback to Bullish Order Block around 1.125.
Potentially 122% profit - TP at $2.51
Note that there are Bearish Order Blocks as shown.
Do exercise due diligence and that all trades comes with risks
#PNUT/USDT Ready to go up#PNUT
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 1.126
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 1.17
First target 1.21
Second target 1.26
Third target 1.31
PNUT / USDT : Gearing up for breakout PNUT/USDT: Gearing Up for a Breakout Above Trendline Resistance
PNUT/USDT is shaping up for an exciting move 📈 as it approaches a critical trendline resistance zone 📊. The price has been consolidating tightly, creating the perfect setup for a potential breakout 💥. If the breakout happens, we could see a strong bullish trend unfold 🚀. Keep a close eye 👀 on this pair and wait for confirmation before acting.
Key insights:
1. Trendline resistance: PNUT/USDT is approaching a long-standing trendline that has previously acted as a barrier. A break above this could mark the start of a strong upward move.
2. Volume surge: Watch for a significant increase in trading volume during the breakout to confirm buyer strength 🔥.
3. Bullish signals: Momentum indicators like RSI and MACD are trending positively ⚡, supporting the case for a bullish breakout.
Steps to confirm the breakout:
- Look for a clear 4H or daily candle closing above the trendline 📍.
- A noticeable spike in volume during the breakout can signal strong buying activity 📊.
- A retest of the broken resistance as a new support zone adds credibility to the move ✅.
- Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️.
Potential targets (post-breakout):
- Initial resistance:
- Next target:
Risk management strategies:
- Use stop-loss orders to manage your risk effectively 🔒.
- Ensure position sizing aligns with your overall trading strategy 🎯.
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions. "
Make me this type of detailed version without bolding words that Bitcoin dumps and now holding support and we are expecting bounce backkk from this support .."
PNUT/USDT: On the verge of breakoutPNUT/USDT: On the verge of breakout 🚀
PNUT/USDT is showing strong signs of a potential breakout as the price builds momentum 📈 near a critical resistance zone. This setup looks promising for a bullish move if the breakout is confirmed. Keep an eye on this pair as the next few candles could bring significant action 👀.
Key highlights:
- Building momentum: Price is consolidating near the resistance zone, often a sign of an imminent breakout 🔑.
- Volume increase: Watch for a spike in trading volume during the breakout, as it confirms strong buyer interest 🔥.
- Bullish indicators: RSI and MACD are trending positively, supporting the case for upward movement ⚡.
Tips for breakout strategy:
- Wait for a clear 4H or daily candle close above the resistance level to confirm the breakout 📍.
- Monitor volume carefully. A breakout with low volume may signal a fakeout ⚠️.
- Look for a retest of the broken resistance, turning it into support, before entering your position ✅.
- Always manage risk with tight stop-loss levels and proper position sizing 🔒.
Potential targets after breakout:
- First target:
- Next target:
This is for educational purposes only. Always do your own research (DYOR) 🔍 before making any decisions.