This article examines the current state of cryptocurrencies PNUT, POL, and THETA, including entry and exit levels, as well as potential support and resistance points.
Cryptocurrency PNUT
Since our analysis on September 3, PNUT has shown a significant increase, breaking out of the triangle pattern and reaching gains of 36%, before facing resistance at $0.2824 and pulling back. Currently, the price is reported at $0.2366, approximately 14% below the entry point. Potential points for position closure and stop-loss include:
* Direction: Long * Entry: $0.236 (market price) - $0.23 * Take-Profit: $0.293 / $0.306 / $0.33 / $0.34 * Stop-Loss: $0.218 / $0.208
Cryptocurrency POL
POL recently broke out of the flag pattern but encountered resistance at $0.2964 before pulling back. Support was found around $0.265 and the price rebounded from this level, but soon faced resistance again. As of now, the price is around $0.255, corresponding to 0.382 Fibonacci level. Trading recommendations are as follows:
* Direction: Long * Entry: $0.255 * Take-Profit: $0.3 / $0.325 / $0.33 * Stop-Loss: $0.245 / $0.227
Cryptocurrency THETA
THETA recently broke out of the triangle pattern and faced resistance at $0.882. The price retraced to $0.793 before briefly rebounding. Currently, the price is at $0.8. Entry and exit levels include:
* Direction: Long * Entry: $0.8 * Take-Profit: $0.888 / $0.92 / $0.96 * Stop-Loss: $0.776 / $0.744
The analysis of current trends in cryptocurrencies PNUT, POL, and THETA indicates interesting trading levels. Investors are advised to monitor support and resistance for decision making.
