$PNUT $PNUT

📊 PNUT/USDT Trading Analysis – Ready for a Breakout? 🚀

The PNUT/USDT pair is trading at $1.6095, sitting at a critical juncture as it consolidates within a narrow range. This price action is building up momentum for a potential breakout.

🔑 Support & Resistance Levels

Support: The nearest support is at $1.5800, where buyers could step in to defend the price.

Resistance: Immediate resistance is at $1.6500. A break above this could ignite strong bullish momentum.

📈 Trading Strategy

For Bulls: Look for entries near $1.5800, with a target of $1.6500 or higher. Place a stop-loss at $1.5700 to manage risk effectively.

For Bears: If the price struggles to break $1.6500, consider shorting with a target near $1.5800.

🔍 Market Insight: PNUT's consolidation suggests a decisive move is imminent. Volume spikes at support or resistance levels will be key in confirming the next trend. A breakout above $1.6500 could signal a strong rally, so stay vigilant!

📢 Be ready for action—trade smart and take advantage of PNUT's setup! 🚀

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