$PNUT
๐ PNUT/USDT Technical Analysis โ Price: $1.0499
PNUT is currently trading at $1.0499, and itโs showing some exciting opportunities for traders. Here's a detailed breakdown of the key levels, support, resistance, and a smart entry strategy:
๐น Support Levels: The immediate support is around $1.0300. If the price dips further, the next key support is at $1.0100. These levels are critical as they may act as strong reversal points, offering solid buying opportunities.
๐น Resistance Levels: The first resistance zone lies at $1.0700, where price action could face resistance. A successful breakout here could push PNUT towards the next resistance level at $1.1000.
๐ Entry Strategy: If the price retraces to the $1.0300 โ $1.0400 support range, this could be a great entry point with the potential for a bounce. If PNUT breaks above $1.0700, consider entering for a continuation towards $1.1000.
โ ๏ธ Risk Management: Use a stop-loss below $1.0100 to manage downside risk in case the market shifts downward.
With clear support at $1.0300 and resistance at $1.0700, PNUT/USDT offers a well-defined setup for both short and medium-term trades. Keep an eye on these levels and trade smartly for optimal gains! ๐
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