đ¨ $PNUT /USDT ALERT: Key Levels to Watch as Price Drops! đ¨
$PNUT is currently trading at $1.0749, down by 17.70% over the past 24 hours. After testing its 24-hour high of $1.3073, the price has retraced sharply, presenting potential opportunities for traders.
Critical Levels to Watch:
đ Support Levels:
1. $1.0500 â Immediate support to hold current price levels.
2. $1.0000 â A psychological barrier and crucial level for buyers to defend.
đ§ Resistance Levels:
1. $1.1500 â Key short-term resistance to break for bullish momentum.
2. $1.2000 â Medium-term resistance critical for a trend reversal.
Trading Strategy:
Bullish Scenario: If $PNUT bounces from $1.0500, watch for targets at $1.1500, $1.2000, and $1.2500.
Bearish Scenario: A breakdown below $1.0500 could see a slide toward $1.0000, with further downside possible.
â ď¸ Caution: The market is showing high volatility, so ensure proper risk management and monitor key levels closely.
Stay sharp, and capitalize on these movements wisely!
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