$PNUT

🚨 PNUT/USDT Analysis – Critical Zone at $0.5957 🚨

The PNUT/USDT pair is currently trading at $0.5957, showing potential for exciting moves. Let’s dive into the key levels and trading strategies:

🔑 Key Levels:

Support: The first major support is at $0.5800, where buyers may step in. A breakdown below this level could lead to a further drop toward $0.5600.

Resistance: Immediate resistance is at $0.6100. A breakout above this level could see the price rally toward $0.6300.

📈 Trading Strategy:

Bullish Entry: Enter long above $0.6000, targeting $0.6100–$0.6300. Set a stop-loss at $0.5800 to manage downside risk.

Bearish Entry: Consider shorting below $0.5800, with targets at $0.5600 or lower. Use a stop-loss above $0.5900.

💡 Pro Tip: Keep an eye on RSI and volume for breakout confirmation. High activity near support/resistance levels often signals strong moves.

Will PNUT crack the resistance or retreat to lower levels? Trade with discipline, and let the market guide your moves! 🚀

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