$PNUT
/USDT Technical Analysis šÆ
The PNUT/USDT trading pair is experiencing significant volatility, providing an interesting opportunity for traders. Let's dive into the analysis and potential targets!
Current Price: $1.2350
24h Change: -5.20%
Key Observations:
24h High: $1.3232
24h Low: $1.0414
Volume: 485.76M PNUT ($571.52M USDT)
Targets for PNUT/USDT
1ļøā£ Target 1: $1.2850
A short-term resistance zone. Breaking this level with strong volume may signal a reversal for scalpers.
2ļøā£ Target 2: $1.3500
Mid-range resistance. If the momentum continues, this is a likely area to test. Watch for profit-taking and reduced buying pressure here.
3ļøā£ Target 3: $1.5000
A psychological and technical level. If PNUT gains strong bullish traction, this level could act as a magnet, attracting traders aiming for higher gains.
Trading Tips:
Support Levels: Keep an eye on $1.0414, which is the 24h low and may act as a strong support zone.
Risk Management: With volatility this high, set stop-loss levels carefully.
Whatās your strategy for PNUT? Ride the trend or wait for confirmation? Letās discuss in the comments! š
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