$PNUT $PNUT

🌟 PNT/USD Update: Trading at $1.1142 – Is a Breakout on the Horizon?

Peanut (PNT) is currently priced at $1.1142, presenting a mix of opportunities for traders as it moves within a tight range. Let’s dive into the key levels and potential strategies for PNT/USD.

Key Levels to Watch:

Support Levels: Immediate support is seen at $1.10, with stronger support around $1.08—ideal zones for potential buy entries if the price pulls back.

Resistance Levels: PNT is facing resistance at $1.12, with a critical breakout level at $1.15. A move above this could signal a strong upward trend.

Entry Strategy:

For Longs: Look for entries near $1.10, targeting a breakout above $1.12 and potentially $1.15, with a stop-loss around $1.08.

For Shorts: Watch for rejection near $1.12 or $1.15, aiming for pullbacks to $1.10 or lower.

Technical Outlook:

PNT is consolidating near its resistance, with volume picking up—hinting at a potential breakout. Keep an eye on market sentiment and news to catch any momentum shifts.

Will PNT surge past $1.15, or will support at $1.10 hold firm? Share your thoughts and strategies below! 📈

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