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PNUTUSDT trade ideas

Faling Wedge $PNUT major breakout ahead?!PNUT is gaining momentum by accumalation. Since it's all time high it has set of in a downtrend and lost 52% of the ATH price. An easy gain of 100% if the ATH gets reached again. The Faling wedge is a bullisch pattern that in most cases breaks out to the upside. On the lower timeframe we can identify a bottom and that could suggest that the break out is getting fuel for it's momentum. As long as BTC dominance is high we can see some more accumulation but that's just fine for the extra power in the way up. You can trade the FW on breakout and retest. The breakout preferably has larger volume then the last average volume. The second green candle after the retest is you signal to buy. Check this retest and confirmation on de the lower time frames so you'r not missing the sweetspot. If traded with leverage place a SL just a bit below the former low.
Long
by RP_cryptotrader
Phemex Analysis #37: PNUT's Nutty Rally _ Can it Continue?PNUT, the aptly named "Peanut the Squirrel" coin, has taken the cryptocurrency world by storm. Launched on November 4th, 2024, PNUT has experienced a staggering 4659% rise, soaring from its initial price of $0.0521 to a staggering high of $2.431 on November 14th. This phenomenal growth has captivated investors and sparked speculation about the coin's future trajectory. Possible Scenarios: Breaking Nuts or Bust? Breakout Rise: If the bullish momentum continues, PNUT could attempt to break through the current resistance level at $1.65. A successful breakout could pave the way for further upward climbs, potentially challenging previous highs at $1.87 and $2.20, or even establishing a new all-time high. Indicators to Watch: Strong buying volume, positive social media sentiment, and continued media attention could be catalysts for a breakout. Bearish Drop: Despite the recent surge, it's important to remain cautious. The cryptocurrency market is notoriously volatile, and a correction could be on the horizon. If the price falls below the $1.26 support level, it could encounter further downward pressure, potentially reaching the $0.843 support level or even the $0.42 support level. Indicators to Watch: A decline in trading volume, negative social media sentiment, and broader market weakness could trigger a pullback. Trading Strategies For Bullish Investors: Buy Order: Consider a buy order when price breakout above $1.65 with strong volume. Stop-Loss: Set a stop-loss order below a key support level, such as $1.26, to limit potential losses. Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin. For Bearish Investors: Sell Order: Consider a short-sell order if the price breaks below the current support level ($1.26) and bearish indicators emerge. Stop-Loss: Set a stop-loss order above a key resistance level, such as $1.48, to limit potential losses if the price rallies unexpectedly. Take-Profit: Determine a take-profit target based on your risk tolerance and desired profit margin Conclusion PNUT's recent performance has been nothing short of extraordinary. However, it's crucial to remember that the cryptocurrency market is unpredictable. By understanding the potential scenarios and implementing effective risk management strategies, investors can navigate the volatility and potentially capitalize on PNUT's future movements. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
PNUT to MoonThe Falling Wedge pattern is a bullish reversal formation that typically appears after a downtrend and signals the possibility of an upward breakout. Traders look for a breakout above the upper trendline, with increased volume as confirmation. The pattern is characterized by converging trendlines, a decreasing rate of decline, and a potential for significant price movement once the breakout occurs. It’s a valuable chart pattern for traders looking for reversal opportunities, but it is important to combine it with other technical indicators to increase the probability of success.
Long
by TradeTotkay
PNUT Memecoin Has Surged by Over 1400% in a WeekThe crypto space is no stranger to meteoric rises, but the emergence of $PNUT has left the market buzzing. With a jaw-dropping 1400% increase in value in just one week, this memecoin has skyrocketed to the forefront of the industry, boasting a market cap of over $1 billion. In just two weeks since its launch, PNUT has cemented its place among the top 100 cryptocurrencies. A Heartfelt Tribute: The Story Behind PNUT PNUT isn't just another memecoin—it carries a poignant story that has captured the imagination of crypto enthusiasts and beyond. The coin was created in memory of Peanut the Squirrel, a beloved animal companion who, along with Fred the raccoon, was taken from his owner, Mark Longo, and tragically euthanized. The story gained widespread attention when Elon Musk shared it on X (formerly Twitter), sparking a wave of sympathy and interest. Musk’s post acted as a catalyst, amplifying PNUT's visibility and driving its adoption across the crypto community. The Binance Listing: A Game-Changer Another pivotal moment in PNUT’s meteoric rise was its listing on Binance, one of the world’s largest cryptocurrency exchanges. The listing brought PNUT to a global audience, making it accessible to millions of traders and investors. Technical Analysis At the time of writing, PNUT is up 3.18%, trading within a symmetrical pattern that suggests potential for further growth. The next significant resistance level lies at the $2.35 pivot, which traders are eyeing closely. PNUT has held steady at the $1.6 support, a key level that reflects strong buying interest and resistance to bearish pressure. The Relative Strength Index (RSI) indicates robust market momentum, signaling that PNUT is maintaining its bullish trajectory despite minor corrections. With the current momentum and meta surrounding its story, some traders are setting ambitious targets of $5, although achieving this level would require sustained buying pressure and market sentiment. Beyond a Memecoin: The PNUT Movement While $PNUT began as a memecoin, it has quickly evolved into a symbol of community and shared values. Its rise highlights the power of storytelling in the crypto world, where narratives can drive both emotional and financial investment. The coin’s unique origin, combined with strong technical performance and high-profile endorsements, has positioned it as more than just a fleeting trend. PNUT’s ascent underscores the potential for memecoins to transcend their playful beginnings and achieve lasting impact in the crypto ecosystem. The Road Ahead for PNUT As PNUT continues to gain traction, it faces the challenge of maintaining its momentum. Key factors to watch include: - Sustained community engagement: The coin’s success hinges on its ability to keep its story and purpose alive in the public eye. - Market developments: Listings on additional exchanges and partnerships could further boost PNUT’s visibility and adoption. - Broader crypto trends: As the market evolves, PNUT’s price movement will likely reflect broader sentiment and investor appetite. Conclusion PNUT's rise is a testament to the unpredictable nature of the crypto market. From its heartfelt origin story to its remarkable technical performance, $PNUT has captivated a global audience and redefined what a memecoin can achieve. Whether it reaches the ambitious $5 target or stabilizes at current levels, one thing is certain: PNUT has made its mark on the crypto world, proving that even the smallest stories can spark the biggest movements.
Long
by DEXWireNews
PNUT/USDT New Ath Expected PNUT/USDT: Gearing Up for a Breakout Above Trendline Resistance PNUT/USDT is shaping up for an exciting move 📈 as it approaches a critical trendline resistance zone 📊. The price has been consolidating tightly, creating the perfect setup for a potential breakout 💥. If the breakout happens, we could see a strong bullish trend unfold 🚀. Keep a close eye 👀 on this pair and wait for confirmation before acting. Key insights: 1. Trendline resistance: PNUT/USDT is approaching a long-standing trendline that has previously acted as a barrier. A break above this could mark the start of a strong upward move. 2. Volume surge: Watch for a significant increase in trading volume during the breakout to confirm buyer strength 🔥. 3. Bullish signals: Momentum indicators like RSI and MACD are trending positively ⚡, supporting the case for a bullish breakout. Steps to confirm the breakout: - Look for a clear 4H or daily candle closing above the trendline 📍. - A noticeable spike in volume during the breakout can signal strong buying activity 📊. - A retest of the broken resistance as a new support zone adds credibility to the move ✅. - Be cautious of fake breakouts, such as sharp reversals or wicks above the trendline ⚠️. Potential targets (post-breakout): - Initial resistance: - Next target: Risk management strategies: - Use stop-loss orders to manage your risk effectively 🔒. - Ensure position sizing aligns with your overall trading strategy 🎯. This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
Long
by Crypto-By-Ghazi
PNUTUSDT SFP LONG | 70% Rally ?In today’s analysis - PNUTUSDT - trading in a local corrective phase, an acceleration towards a key low will allow for a long trade entry. Points to consider ✍️ - Falling Wedge Pattern - Value Area Low - Value Area High -Point of Control S/R - Swing High Objective The current price action is at Value Area Low, here a bottoming structure will signify strengthen in PNUTUSDT. A Falling Wedge pattern can be observed, the apex zone is in confluece with a key low. This increases the probability of the region being tested with a Swing Failure type of price action. Overall, from Bitcoin Insider’s perspective, PNUTUSDT is a valid long with defined risk, price action it to be used upon discretion/ management once the targeted low gets taken out. ✍️
by AzizKhanZamani
$PNUT honeymoon delayed until further noticePNUT has been the talk of the town, especially since it recently went brazy following major exchange listings. I am thinking it will cool off for a bit. A fall down to the 1.25 area based on previous trend levels is a slight possibility, but the indicators are showing a long for hte near term. The major exchanges are now competing with each other for who is listing what meme coins. Expect random pops from such events. NFA www.tradingview.com
Long
by cerd214
PNUT/USDT Analysis: Triangle Breakout in PlayPNUT/USDT Analysis: Triangle Breakout in Play 📈🚀 The 1-hour chart for PNUT/USDT on Binance shows a symmetrical triangle formation, which often signals a continuation pattern. A breakout from this triangle could indicate the next direction for the price. Key Levels and Setup: Current Price: Trading around 2.1389 USDT, with a potential for upward movement. Target Level: 2.9844 USDT – A breakout to the upside from this triangle could lead to a 47.90% increase, reaching the target level if buying momentum kicks in. Stop Loss: 1.6679 USDT – A break below this level would invalidate the bullish setup and suggest a potential downside. Technical Outlook: If PNUT breaks out of the triangle pattern with high volume, it could signal a strong move toward the upper target. However, patience is needed until a decisive breakout confirms the trend direction. #PNUTUSDT 🚀 #CryptoBreakout 📈 #TechnicalAnalysis #TrianglePattern #CryptoMarket
Long
by VIPROSE
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