$PNUT /USDT: Bullish Momentum Driving Gains – Key Levels to Watch
It breaks it's resistance level BUY it right now or you can buy at retest which is more suitable and less risk trade.
Risk gives quick money too remember
PNUT/USDT is trading at $1.33, reflecting a 13.80% increase over the last 24 hours. The strong upward momentum is supported by high trading volumes, pushing the price toward critical resistance levels.
Key Data Points:
24h High: $1.4169
24h Low: $1.0668
24h Volume (PNUT): 437.28M
24h Volume (USDT): $532.65M
Trade Strategy:
Long Position: Enter above $1.3500, targeting $1.4200 and $1.5000. Set a stop loss at $1.2500.
Short Position: Enter below $1.2000, aiming for $1.1000 and $1.0500. Set a stop loss at $1.3000.
Market Outlook:
PNUT/USDT shows bullish strength, with resistance near $1.4200. A breakout above this level could pave the way toward $1.5000. However, failure to sustain above $1.2000 may trigger a correction, testing lower support zones. Traders should monitor the price closely as it approaches these critical levels while keeping an eye on trading volumes for confirmation.