$PNUT

PNUT/USDT Technical Analysis: Current Price at 1.1922

PNUT is currently trading at 1.1922 USDT, and key levels are forming to guide your trading decisions. Here's the latest analysis:

🔑 Support at 1.1500 USDT: This level has provided solid support recently. A break below 1.1500 USDT could trigger a move toward 1.1000 USDT, offering more downside potential.

🔑 Resistance at 1.2300 USDT: For the bulls to take control, PNUT needs to break above 1.2300 USDT. A successful breakout could lead to a test of the next resistance at 1.2700 USDT, opening up significant upside potential.

💡 Entry Strategy: Look for a break above 1.2300 USDT to enter long positions, targeting 1.2700 USDT. On the flip side, if the price falls below 1.1500 USDT, consider short positions targeting 1.1000 USDT.

⚖️ Risk Management: Use stop-loss orders just below 1.1500 USDT to manage risk in case of a downside move.

Keep an eye on these key levels for potential opportunities and adjust your strategy accordingly!

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