PNUT intraday market analysis and forecast (as of 11:38 on November 17, 2024, real-time price: $1.5363)

Current market overview:

PNUT is currently at $1.5363, and is in a state of short-term consolidation. The intraday fund flow is hesitant, indicating that the long and short sides are in a tug-of-war at the current price. The traces of the main force are obvious, and the floating chips may be cleared through false breakthroughs or rapid callbacks in the near future.

Technical analysis:

1. Support and resistance levels:

• Support level: $1.50 is an important psychological support. If it falls below this level, it may further test $1.45.

• Resistance level: Short-term pressure is concentrated at $1.55, and it is expected to rise to the $1.60 area after breaking through.

2. Indicator analysis:

• MACD: The fast and slow lines tend to stick together, and the kinetic energy column gradually shrinks, indicating that there is a risk of a change in the short-term trend.

• Trading volume: Trading volume is enlarged but there is no obvious direction. Beware of sudden fluctuations.

Market sentiment and influencing factors:

Current market sentiment is neutral, and external macro market fluctuations have increased investors' cautious sentiment. As a small and medium-sized market value currency, the intention of the main funds may dominate the short-term trend of PNUT. It is recommended to pay close attention to the abnormal movement of market funds and the direction of large orders.

Short-term "T-shaped" trading strategy:

1. Long strategy:

• Entry point: When the price falls back to the range of US$1.50-1.52 and there are obvious signs of a rebound in volume, you can consider a small position to go long.

• Stop profit: The short-term target is US$1.60, and the aggressive ones can set it at US$1.63.

• Stop loss: You need to leave the market decisively when it falls below US$1.48.

2. Short strategy:

• Entry point: If the price reaches US$1.55 and is unable to break through, you can arrange a short position with a light position.

• Take profit: The short-term target is $1.50, and conservatives can choose $1.52.

• Stop loss: Stop loss in time after breaking through $1.57.

The current oscillation pattern of PNUT seems to be the main force "testing the market", and short-term players need to learn to play with the market psychology. Behind every false breakthrough is the careful design of the trader, and every rapid callback may be a signal of opportunity. Successful short-term traders are not just predicting ups and downs, but are good at capturing key emotional points, responding quickly, and executing decisively! PNUT is at such a node, are you ready to catch this wave of market?$PNUT