$PNUT

🚀 PNUT/USD Price Update: Currently at $0.6852 🚀

PNUT is trading at $0.6852, and it’s currently consolidating within a key range, making it an exciting time for traders looking for potential opportunities. Here’s a breakdown of the market structure and what to watch for.

Support & Resistance Levels

Support: $0.6500 – This level has acted as a reliable floor for the price. If PNUT drops here, expect a potential bounce, making it a good level for buyers to consider.

Resistance: $0.7150 – A crucial resistance zone that, if broken, could signal a new bullish trend. Watch for price action around this level to gauge the strength of the upward move.

Entry Strategy

1. Buy the Dip: If the price retraces to the $0.6500 support, this could be an excellent opportunity to enter before a potential bounce.

2. Breakout Play: If PNUT/USD manages to break above $0.7150, look for a confirmation of strength before entering long positions.

Market Outlook

With the current price hovering at $0.6852, PNUT/USD has shown resilience around the support level. A breakout above $0.7150 would likely lead to a fresh rally, while a dip to $0.6500 could offer a safer entry for a reversal.

💥 Keep an eye on the breakout or dip – great opportunities could be on the horizon for PNUT/USD!

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