$PNUT $PNUT

🍩 Pnut/USD Update: Trading at $1.0923 – Is a Breakout on the Horizon?

Pnut (PNUT) is currently trading at $1.0923, holding strong as it navigates key support and resistance levels. Let’s break down the market action and what to watch for next.

Key Levels to Watch:

Support Levels: Strong support is at $1.08, with a secondary level at $1.05—ideal zones for potential buy entries if the price dips.

Resistance Levels: PNUT faces resistance at $1.10, with a major breakout target at $1.12. A break above these levels could signal further bullish momentum.

Entry Strategy:

For Longs: Consider entering near $1.08, targeting a breakout above $1.10 and $1.12, with a stop-loss around $1.05 to minimize risk.

For Shorts: Look for potential rejection at $1.10 or $1.12, aiming for a pullback toward $1.08 or lower.

Technical Outlook: Pnut is holding well above key moving averages, indicating potential for an upward breakout. Volume is steady, suggesting sustained buying interest.

Will PNUT break above $1.10 and head towards $1.12? Keep an eye on these key levels and share your trading plans below! 📈💬

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