$PNUT /USDT Analysis ā Key Levels to Watch š„
Trading at $0.6717, PNUT/USDT is nearing critical levels that could determine its next major move. š
š Support Levels:
$0.6600: Immediate support where buyers have shown interest in the past.
If this level fails, watch for a potential drop to $0.6400, a significant demand zone.
š§ Resistance Levels:
$0.6900: The first resistance level to overcome, signaling potential bullish momentum.
Beyond that, $0.7100 serves as the next target, aligning with recent highs.
šÆ Trading Plan:
Bullish Setup: Monitor for a rebound from the $0.6600 support with rising volume. Entry near $0.6717 could aim for targets at $0.6900 and $0.7100, with a stop-loss below $0.6550.
Bearish Setup: A breakdown below $0.6600 may indicate further weakness, with the next downside target at $0.6400.
PNUT/USDT is at a turning point, with its direction hinging on these key levels. Let the price action guide your strategy! š