$PNUT
PNUT/USDT Technical Analysis: Key Levels & Trade Strategy
Currently priced at 1.0063, PNUT/USDT is showing intriguing price action, with critical support and resistance levels to watch. The immediate support lies around 1.0000, a psychologically significant level. If this holds, we could see the price move higher towards 1.0200, where resistance might cap further gains.
However, a drop below 1.0000 could push the price down to the next support zone around 0.9800. For those considering long entries, look for a break and close above 1.0200 to confirm a bullish trend, targeting 1.0500 or even higher.
Entry Strategy: Enter on a bullish breakout above 1.0200 or a rebound from 1.0000 for an optimal risk-to-reward setup. Stay aware of broader market movements to align your strategy with the overall sentiment.
Trade with caution, monitor key levels, and make the most of market opportunities!
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