PNUTUSDT trade ideas
PNUT buy/long setup (12H)We previously identified PNUT's fluctuations effectively.
Based on recent data, it’s better to expand the PNUT pattern and classify it under a larger Triangle or Diametric structure.
We are again looking for buy/long positions around the green zone. This is a strong origin kink.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this view.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Peanut The Squirrel - probably a good buy right nowPeanut the squirrel got pushed back into its downtrend while trying to break it recently. However, it seems to have found support again at about .51 cents.
I think that it is a probably a good time to buy while it sits on this support. Currently we are around .53-.54 cents.
Our first obstacle is re-taking .74 cents.
I personally think that Peanut can hit $7-$8 this cycle. Maybe more if things get super crazy.
Thanks for looking!
Just In: Coinbase Adds PNUT Meme Coin on Solana NetworkCoinbase has officially announced the listing of Peanut the Squirrel (PNUT), a Solana-based meme coin, for trading on January 14, 2025. The news has already sparked a 10% price surge for PNUT, though the token still trades below its all-time high. Let’s delve into the technical and fundamental aspects surrounding this development.
Key Highlights
1. Coinbase Listing Details:
- PNUT-USD trading pair launches on January 14, 2025, at 9:00 AM PT.
- Token transfers for PNUT are live on Coinbase and Coinbase Exchange.
- Trading will be rolled out in phases based on liquidity conditions.
2. Immediate Market Reaction:
- PNUT’s price rose from $0.48 to $0.59, a 10% increase.
- Trading volume surged over 107%, reaching $431.71 million.
- Despite the rebound, PNUT remains 79% below its all-time high of $2.47, recorded in November 2024.
3. Historical Context and Legal Challenges:
- PNUT originated in late 2024 following the controversial euthanasia of a pet squirrel named Peanut, which galvanized community support.
- Legal disputes have since arisen, with Mark Longo, Peanut’s owner, suing Binance for alleged unauthorized intellectual property usage to promote the coin.
Technical Analysis
From a technical perspective, PNUT exhibits strong potential for further gains: PNUT’s recent price action forms a bullish engulfing pattern, signalling a potential upward trend. The Relative Strength Index (RSI) indicates that PNUT is not yet overbought, providing room for further price growth.
Immediate support lies at the one-month low axis, providing a safety net in case of a pullback. The next resistance point aligns with the 38.2% Fibonacci retracement level, which traders are eyeing for a potential breakout.
PNUT’s unique narrative and community support position it as a potential standout in the meme coin category. The Coinbase listing, coupled with strong technical indicators, creates a favorable environment for a potential rally toward $1 and beyond.
Conclusion
The listing of PNUT on Coinbase marks a pivotal moment for the Solana-based meme coin. With a bullish technical setup and growing community support, PNUT is well-positioned to capitalize on its newfound exposure. However, investors should remain cautious of potential legal and market risks. As the crypto industry evolves, PNUT’s journey underscores the power of community-driven innovation and the unpredictable nature of meme coins.
Stay tuned for more updates as PNUT’s story unfolds in the coming weeks.
PnutBINANCE:PNUTUSDT
📊 **Pnut Current Price: 0.6058**
- We're currently facing a **resistance** level at this price 🔴.
💥 If we break this resistance, the next levels to watch are:
- **0.6534** 🚀 (First target)
- **0.7433** 📈 (Next level)
- **0.8000** 🌕 (Major resistance)
🔻 **If the price doesn't hold above 0.6058**, we might see a dip to **support levels**:
- **0.5500** ⚖️ (First support level)
- **0.4500** ⬇️ (Stronger support)
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So, if the price breaks through resistance, we could see a bullish move. But if it falls below 0.6058, keep an eye on those support levels for possible rebounds! 💡
**Note:** This is not financial advice! Always do your own research. 📉📈
PNUT 4H ELLIOTT WAVE ANALYSAfter the double correction that I labeled WXY ... now it can advance to around $1.35... if it can consolidate above $1.55... we can say that it has entered a new wave and will break its major ceiling in the near future.
If you liked this analysis... just SHARE it to your friends.
PNUT ANALYSIS (4H)It seems that the correction for PNUT has started from the point where we placed the red arrow on the chart.
This correction appears to be a complex pattern, such as a diametric or symmetrical formation.
Wave C is expected to complete within the green zone, after which the price will likely enter Wave D.
We are looking for buy/long positions within the green zone.
A daily candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
PNUT/USDT LONG TRADE SETUP !!This is a long trade setup for PNUT/USDT with specific entry, stop-loss, target, and leverage details:
Entry: Current Market Price (CMP) and $0.7230
Stop-Loss: $0.7027
Target: $0.8040
Leverage: 5x to 10x
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Pnut/UsdtBINANCE:PNUTUSDT
"$Pnut is currently priced at 0.7032, but the resistance levels are pretty close—around 0.7545, 0.8433, and 0.9345. 🚧 What that means is that the price is likely to face some strong pushback when it tries to go higher, so don’t expect a massive surge in the short term. ⚠️
If you’re holding $Pnut right now, I’d be careful. 💭 I wouldn't recommend holding it at these levels for too long because it could potentially retrace. Instead, you might want to keep an eye on the support levels, which are at 0.600 and 0.0600. 🛑 If the price drops towards those areas, it could be a good spot to watch for a possible bounce or buy opportunity. 📊
Just a reminder—this isn't financial advice, just sharing my observations. 💡"
PNUTUSDT: Approaching a Key Level – Go Short or Wait for a Reteswww.tradingview.com
Hey, traders! 🐂🐻
Today, we’re looking at BINANCE:PNUTUSDT , and the chart looks tense. The price has dropped to 0.61254 USDT , and the bears seem to be gaining momentum. Looking at this diagonal resistance line, one thing is clear: the market is gearing up for a move.
The chart shows a classic downtrend structure, and the key support levels scream potential reversal points. But as they say, "don’t go all in until the setup is confirmed."
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🔑 Key Levels:
Support:
0.60223 USDT – a critical zone where buyers might try to hold the asset.
0.59000 USDT – the last line of defense before a potential dump.
Resistance:
0.62000 USDT – the nearest level where bears continue to apply pressure.
0.64000 USDT – the next resistance level holding back upward movement.
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🚩 Strategy:
Entry Point:
- Open a short position after a retest of 0.62000 USDT , provided bears maintain control.
Stop-Loss:
- Place your stop above 0.64000 USDT to avoid sharp moves against your position.
Take-Profit Targets:
0.60223 USDT – the first level to "skim the cream".
0.59000 USDT – the second target if bearish pressure persists.
0.58000 USDT – the final target in case of a full breakdown of support.
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📈 Technical Breakdown:
The downtrend remains dominant until the price breaks 0.62000 USDT .
Volume confirms bearish activity, especially around resistance levels.
A break below 0.60223 USDT could signal further downside.
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💡 What’s Next?
Bears seem to be in control, but the market might go for a local retest. What do you think? Wait for a bounce back to resistance or catch the move now? Share your insights – collective wisdom always wins! 🚀
PnutBINANCE:PNUTUSDT
📉 **PNUT Price Update**:
The current price of PNUT is at **0.6830**. If you're watching this coin closely, the **support levels** to keep an eye on are **0.65** and **0.60**. These are key levels where the price could bounce back if it dips. If the price manages to hold above these support levels, we could see the coin continue its upward movement. 🚀
📈 **Resistance Levels**:
If the price does hold at those support levels, the next resistance levels to watch out for are **0.75435** and **0.8453**. These are the price points where selling pressure could increase, potentially slowing or reversing the upward trend. 🔥
⚠️ **Not Financial Advice**:
Just a reminder, this isn't financial advice, so make sure to do your own research and trade wisely! 💡