$PNUT $PNUT

📊 PNUT/USD Analysis: $1.0602 – A Crucial Level to Watch! 🚀

PNUT is currently trading at $1.0602, hovering near an important price level that could be a turning point for the pair. With the market showing some signs of consolidation, now is the time to assess potential trading opportunities.

Key Levels to Monitor:

Support: $1.0500 – A strong support zone that has acted as a base during previous price dips, providing a solid entry point for buyers.

Resistance: $1.0800 – A key resistance level, and a breakout above this could signal a continuation of bullish momentum toward $1.1000 or even higher.

Trading Strategy:

1. Aggressive Entry: Consider buying at $1.0602 with a stop loss around $1.0500, aiming for a breakout towards $1.0800 as the first target.

2. Conservative Entry: Wait for a confirmed breakout above $1.0800, with a potential move up to $1.1000 or beyond.

PNUT/USD is currently testing a critical support area at $1.0602. If the price manages to break above the $1.0800 resistance level, it could signal the start of a bullish trend. Keep a close eye on these key levels to make the most of any upcoming price movements! 📈📈

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