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PNUTUSDT trade ideas

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." --- 🔑 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. --- 🚩 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. --- 📈 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. --- 💡 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! 🚀
Short
by Max_Pr0fit
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! 💡
by Wolftrader1337
PNUTUSDT → Consolidating for a Potential Explosive RallyBINANCE:PNUTUSDT following a sharp decline, PNUT is showing signs of a powerful comeback. The chart reveals a classic reversal pattern, indicating the potential for a bullish surge. While Bitcoin remains flat, PNUT is taking center stage with a double bottom formation, signaling strength and an entry into the rally phase. The next big challenge? The resistance zone at 0.75. Breaking above this level and solidifying support could be the launchpad for an impressive ascent. Primary target is 1.0, next targets are 1.15, 1.35.
Long
by Bentradegold
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 👍
Long
by CryptonKidd
PNUTUSDT → A Double Bottom Formation: On the Verge of a Bullish PNUTUSDT → A Promising Reversal Ahead: Poised for 30-50% Growth in the Near Future PNUTUSDT is setting itself up for a potentially significant rebound, with the possibility of a 30-50% growth in the coming weeks. After experiencing a sharp and substantial drop (often referred to as a "dump"), the asset is now showing signs of a reversal, forming a bullish pattern on the chart. This price movement suggests that the market could be nearing a turning point, where the downward trend may soon give way to an upward rally. While Bitcoin remains largely range-bound and stagnant in its price action, PNUTUSDT is demonstrating strength and resilience by forming a classic double bottom pattern. This pattern is known to indicate a shift in market sentiment from bearish to bullish, often signifying that a trend reversal is in the works. The double bottom formation is typically seen as a sign that the asset has found solid support and is now preparing for a potential surge in price, making this an exciting opportunity for traders and investors alike. At present, one of the primary hurdles for PNUT is the resistance level around the 0.75 mark. This price point has historically acted as a significant level of resistance, and the coin will need to break through it decisively to trigger a meaningful rally. If the price can push past this 0.75 resistance and establish a solid foothold above this level, the next logical price target will be 1.0. This would mark a key psychological and technical level, which could pave the way for further gains in the short to medium term. It’s important to keep a close eye on the support and resistance levels as the price action unfolds. For now, the critical support level for PNUT stands at 0.6. This zone represents a key price area where the bulls need to maintain strong defense to prevent a breakdown and potential further downside. If the coin can hold above 0.6 and rally past the 0.75 resistance, it will signal that the bulls are in control, with higher price targets on the horizon. Resistance Levels: 0.75: This level acts as a strong resistance, which, if broken, could trigger the start of a substantial upward movement. It’s a key threshold that traders should watch closely. A breakout above 0.75 would likely mark the beginning of a more significant rally. 1.0: Once the 0.75 resistance is overcome, the 1.0 level will be the next major target. This psychological and technical barrier could prove to be another important test for the bulls. If the price can break past this level, PNUT could be poised for even greater gains. Support Levels: 0.6: This is a crucial support level that should not be overlooked. For PNUT to remain bullish and continue its rally, it’s vital that the price holds above this level. A drop below 0.6 would raise concerns and could potentially reverse the bullish momentum. If the bulls can successfully overcome the 0.75 resistance and hold the price above it, the market could see a significant upward push in the coming weeks. The primary target, once 0.75 is breached, would be the 1.0 level, which would mark a substantial psychological milestone. From there, if the momentum remains strong, the next set of targets could be at 1.15 and 1.35, both of which are seen as potential resistance levels in the medium-term price action. Why This is an Important Setup: What makes this setup particularly intriguing is that it aligns with a strong reversal pattern, supported by technical indicators such as the double bottom. Historically, such formations often lead to significant price rallies, as they suggest that the bears are losing control and the bulls are preparing to take over. This creates a perfect environment for a potentially profitable trade, with considerable upside potential for those who are able to time their entries and exits effectively. Investors should monitor how the price behaves around the 0.75 resistance. A failure to break above this level would suggest that the bears are still in control, and the rally may stall. On the other hand, a clean break and close above 0.75 would signal a clear bullish trend, with 1.0 as the next major target. The Bigger Picture: Looking further ahead, the overall market conditions should also be considered. While Bitcoin is not showing much movement at the moment, the altcoin market is still ripe with opportunities, especially for coins like PNUT that are setting up for a reversal. The key here is timing and watching for confirmation of the bullish trend before entering a position. For traders with a medium to long-term outlook, PNUT’s setup could present an attractive risk-to-reward opportunity. If the price breaks through resistance and establishes solid support above 0.75, the next targets of 1.15 and 1.35 would become increasingly realistic. In conclusion, PNUTUSDT is showing significant potential for a strong recovery. After a sharp fall, it is now forming a double bottom pattern, which typically signals a reversal in the market. If the price can break through critical resistance levels at 0.75 and 1.0, PNUT could be on the verge of a strong bullish rally, potentially reaching new highs in the short to medium term. Investors should monitor the key support and resistance levels closely, as overcoming the 0.75 resistance could signal a powerful upward move. The primary target remains at 1.0, with subsequent targets of 1.15 and 1.35 offering additional upside potential.
Long
by lonelyPlayer0
PNUTUSDT → Double bottom. One step away from a rally BINANCE:PNUTUSDT.P accumulates good potential for possible growth by 30-50%. After a strong fall (Dump), a reversal pattern appears on the chart. Against the background of bitcoin standing still, pnut forms a double bottom and enters the rally phase. There is resistance at 0.75 ahead. If the coin can break this zone and keep the defense above the level, the coin can fly to 1.0 in the short to medium term. Resistance levels: 0.75, 1.0 Support levels: 0.6 If the bulls can overcome the strong resistance of 0.75 and can consolidate above this area, we have a great coin with good upside potential. Primary target is 1.0, next targets are 1.15, 1.35. Regards R. Linda!
Long
by RLinda
5
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)
Long
by leonardobarriosr69
Peanut coin against USDT... A minor pump before a terrible dump?We can see the current bearish channel, of which we anticipate a breakout to the upside, and a minor bull walk, lol..not a bull run. Then a massive fall is further anticipated, but where it will fall from lies between either $1.33 area or $1,52 area. After this, a terrible dump is anticipated all the way down to $0.40 area. This is highly technical analysis, with a considerable touch of sentimental analysis. For further surety, you can check up fundamental analysis on your own. Kindly engage and boost!
Long
by Myles007
Pnut/UsdtBINANCE:PNUTUSDT 🔽 **Support Levels (Fear Zone)**: - The current price of 1.099 is acting as a **support level**, meaning if the price holds here, it could stabilize or rise. - **Support levels** are where buyers tend to enter, seeing the price as a good deal. - But since you're saying the price is in a "fear" zone, it's a bit uncertain right now. If the price **falls below** 1.099, here are the next support levels that could be crucial: 📉 **1.0553**, **0.8000**, **0.7545**, and **0.5000**. These are the potential prices where the market might find new buying interest. Below these levels, the price could **drop further**, signaling a **bearish** trend. 😨 --- 🔼 **Resistance Levels**: - If the price holds at 1.099 and starts rising, the next **resistance levels** are key areas where price might struggle to move higher: 📈 **1.353**, **1.4443**, **1.598**, and **1.888**. - **Resistance levels** are where sellers often appear, preventing the price from going higher. If the price reaches any of these levels, it could be a point where the price gets "stuck" or even reverses downward. 💪 --- **How to Approach This:** - If you're **bullish** (hoping the price will go up), you'd want the price to hold above the **1.099 support**. If it goes higher, the next resistance levels could provide opportunities to **take profit** if you're in a position. - If you're **bearish** (hoping the price will go down), then the price **dropping below 1.099** and holding at a lower support level would indicate a continuation of the downward trend. Remember, this is just a **technical analysis** and **not financial advice**! 📊🔍 ---
by Wolftrader1337
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 DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
Long
by UmutTrades