$PNUT USDT Analysis:
The chart displays a bearish trend, as indicated by the downward sloping Bollinger Bands and recent price decline. The price is currently below the 20-day moving average, suggesting a bearish momentum.
Trade Strategy:
Short Entry: 1.5615
Target: 0.6713
Stop Loss: 2.5000
Leverage: 5x
Market Outlook:
The market is likely to continue its downward trend, potentially reaching the target of 0.6713. However, a break above the stop loss level would indicate a potential reversal of the trend.
Remember: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
