$PNUT Signal】Place orders and wait for a pullback confirmation


$PNUT A huge bullish candle on the 4H chart directly breaks through the upper band, RSI hits 81, buying depth is unbalanced at 7.66%. The MACD histogram is still expanding, but the price has already moved away from the upper Bollinger Band.

The current price of 0.08137 is very risky for chasing higher, and the risk-reward ratio is not favorable. Place a pending order around 0.05551, which is the confluence of the 4H EMA20 and the previous high-volume trading zone.

🛑Set stop loss below 0.04806.

🚀First target is 0.08153, close to the previous high.

🚀Second target is 0.08185, a slight extension after breaking the previous high.

🛡️Trading management: - Execution strategy: After the order is filled, if the price surges directly to target 1, reduce half of the position and move the stop loss to the breakeven point. If the price fails to rally and instead falls back into the entry zone, exit immediately.

Funding rate is 0.5%, relatively high, with a risk of long squeeze. Position volume is stable, no large-scale withdrawals observed, but current chasing prices are equivalent to taking over early profit-taking positions. A safer approach is to wait for a healthy pullback to test support below.

Check real-time market 👇 $PNUT
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#GatePreIPOs首发SpaceX #Gate13周年现场直击 #山寨币强势反弹
PNUT1.37%
BTC4.73%
ETH5.4%
SOL4.58%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
ybaser
· 8h ago
To The Moon 🌕
Reply0
  • Pin