【$PNUT Signal】Pullback to go long, 1H level funds showing bottom support intentions

$PNUT After a surge and pullback at the 1H level, current price is 0.07331. The upper band of the 4H Bollinger Bands at 0.0691 has been strongly broken through, but the 1H MACD histogram is beginning to shrink, indicating short-term momentum slowing down. Market depth shows sell orders are 16% more than buy orders, actively absorbing selling pressure.

Price retreated from the high of 0.0895, with a dense trading zone around 0.0712 below, showing clear bottom support from funds. Negative funding rate of -0.0082% combined with stable open interest suggests a risk of short covering.

🎯Direction: Pullback to buy

⚡Entry/Order: Buy near 0.07294

🛑Stop loss: 0.04677

🚀Target 1: 0.07341

🚀Target 2: 0.07370

🛡️Trade management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to breakeven. If price falls back to entry level, automatically exit to protect principal.

1H RSI is at 74.09, high but not in extreme overbought territory. The 4H MACD has a golden cross and the histogram is expanding, indicating trend momentum remains. This position offers a good risk-reward ratio; the key is whether the price can quickly hold above 0.073, otherwise short-term may enter consolidation.

Check real-time quotes 👇 $PNUT
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