$PNUT $PNUT

๐ŸŒฐ PNUT/USDT Trading Analysis ๐ŸŒฐ

PNUT is currently trading at 1.6214 USDT, and itโ€™s showing potential for some interesting moves. Letโ€™s break down the key levels and strategies:

Key Levels:

Support: Strong support is at 1.5800, a level where buyers may step in to defend the price.

Resistance: Immediate resistance is around 1.6500, with a more significant hurdle at 1.7000. A breakout above these levels could indicate further upside potential.

Trading Strategy: ๐Ÿ“ˆ

Consider buying near support at 1.5800 with a tight stop-loss to manage risk. Another approach is to wait for a confirmed breakout above 1.6500, with a target of 1.7000 for potential gains. High trading volume on any upward move will add confidence in a breakout scenario.

With PNUT/USDT positioned between support and resistance, this setup could offer opportunities for both dip buys and breakout trades. Will PNUT crack the resistance and aim for new highs? Keep an eye on this one! ๐Ÿš€๐Ÿ“Š

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