$PNUT

PNUT/USDT Technical Analysis: Eyes on $1.3176 – Key Levels and Strategies

The PNUT/USDT pair is trading at $1.3176, offering traders an exciting opportunity as it navigates a critical zone. Resistance at $1.3500 is the next major hurdle; a breakout above this level could ignite bullish momentum toward $1.4000, a key psychological mark. On the downside, support at $1.3000 remains robust, acting as a safety net for buyers.

Momentum indicators show a promising picture—RSI near 60 signals healthy bullish sentiment, while the MACD suggests upward potential, albeit with caution of consolidation. The 50-day MA trending above the 200-day MA confirms the uptrend, keeping optimism alive.

Trading Strategy: For short-term opportunities, consider entering on a breakout above $1.3500, targeting $1.4000, with tight stop-losses. Long-term investors could watch for dips near $1.3000 to buy at key support levels.

Stay vigilant—volume is steady but hints at a potential breakout soon. Whether you’re scalping or holding, PNUT/USDT offers a blend of calculated risk and reward in today’s market.

Remember, risk management is key—trade wisely!

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