$PNUT $PNUT

🌰 PNUT/USD Analysis: Ready to Crack $1.11 Resistance? 🌰

PNUT is trading at $1.1100, maintaining a steady position near a key psychological level. With price consolidating, the market is primed for its next move. Will PNUT rally higher, or is a retracement looming? Let’s dive into the analysis:

📊 Key Levels to Watch:

Resistance: The next hurdle is at $1.15. A strong breakout above this level could push PNUT toward $1.20, signaling renewed bullish momentum.

Support: Solid support lies at $1.08, with deeper support at $1.05. Buyers are likely to step in here if the price retraces.

🎯 Trade Strategy:

Pullback Entry: Enter near $1.08 if PNUT shows signs of bouncing off support for a low-risk long trade.

Breakout Trade: Look for a breakout above $1.15 with high trading volume to catch the next upward move.

Stop-Loss Recommendation: Place stops below $1.05 to protect against downside risk.

💡 With $1.11 as a key pivot point, PNUT is at a crossroads. The breakout potential makes this a high-reward setup, but traders should remain cautious in case of increased volatility. Keep an eye on volume spikes and trade with discipline. 🌟 Stay sharp and ride the trend! 🚀

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