$PNUT $PNUT

📉 PNUT/USD Analysis: Trading at $1.3494 – Key Levels to Watch 📈

PNUT/USD is currently at $1.3494, showing some stability as it navigates through important technical levels. With potential for a breakout or pullback, here’s an in-depth look at the price action and trading strategy:

Support & Resistance Levels:

📉 Key Support: $1.3200 – This level has consistently acted as a strong base, where buyers have stepped in to push the price higher.

📈 Key Resistance: $1.3750 – A strong resistance zone, with a breakout above this level potentially leading to a move towards $1.4000 and beyond.

Price Action:

PNUT/USD has shown some consolidation around the $1.3494 mark, with price testing support and resistance levels.

The next move depends on a breakout above $1.3750 or a potential pullback to retest $1.3200 for renewed bullish momentum.

Trading Strategy:

✅ Buy the Dip: Look for an entry near $1.3200, with stop-loss orders placed below $1.3100 for risk management.

✅ Breakout Play: Consider entering above $1.3750 for a potential rally toward $1.4000 and higher.

✅ Risk Management: Always use stop-losses to protect against unexpected market reversals.

With clear levels of support and resistance, PNUT/USD is poised for potential price action in the near future. Keep a close eye on the $1.3200 and $1.3750 levels, as a breakout could signal a profitable trade opportunity. Stay prepared and make your move! 🚀📊

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