$PNUT

🚀 PNUT/USDT Technical Trading Analysis: Is the Market Heating Up? 🔥

The PNUT/USDT pair is trading at $1.2641, showing potential for an exciting move! Let’s dive into the technicals to uncover the opportunities:

💡 Support Levels:

Immediate support lies at $1.2500, a key zone where buyers might step in to defend the price.

A deeper support level is at $1.2200, which could act as a strong safety net if the price retraces further.

📈 Resistance Levels:

The first resistance to break is at $1.2800—a crucial zone that, if surpassed, could signal a bullish breakout.

Beyond that, the next key level is $1.3000, where strong selling pressure could emerge.

⚙️ Trading Strategy:

Bullish Entry: Look for a breakout above $1.2800 with strong volume. Targets: $1.3000 and beyond.

Bearish Entry: A breakdown below $1.2500 could trigger a move toward $1.2200—ideal for shorting opportunities.

🔑 Pro Tip: Always watch for volume confirmation when entering trades. Higher volumes around breakout or breakdown levels indicate strong market participation.

Will PNUT/USDT crack resistance and take off, or will the bears take control? Stay sharp and keep your trading plan ready! 🚀📊

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