PNUT/USDT Breakout Strategy: Capitalizing on volitility

Key Chart Points for Entry and Exit:
Entry Points:
Support Zone (0.0064-0.0072): This area has been a strong base during the accumulation phase, serving as an ideal entry point for those looking to enter at a discount while limiting downside risk.
20 & 50 EMA Alignment: Look for the price to retest the 20 or 50 EMA within the accumulation range. A successful test could signal strong buyer support and a foundation for the next leg up.
Exit Points:
Resistance Zone (0.0098-0.0102): This sell zone represents the next significant resistance based on historical price data and could be the area where price action peaks in the short term.
Breakout Confirmation: If the price closes above 0.0085 on higher volume, this may indicate a sustained breakout, allowing for a more conservative exit at the next major resistance.
Summary: With momentum on PNUT's side, this setup allows for strategic entries in the accumulation zone, capitalizing on a potential breakout. Watching the EMAs and volume closely will offer additional validation, and traders should aim for the upper resistance zone for a high-probability exit.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.