$PNUT $PNUT

PNUT/USD Technical Analysis: Price Action at 1.2963

Currently trading at 1.2963, the PNUT/USD pair is navigating an interesting phase. With the price hovering near this key level, traders should focus on the critical support and resistance zones that will dictate the next moves.

Support & Resistance Levels

Support is positioned at 1.2800, which has previously held as a reliable floor. A break below this could bring 1.2700 into play as the next major support zone. On the upside, 1.3100 stands as the immediate resistance level. If the price successfully breaks above this, we could see further gains toward 1.3200 or higher.

Entry Strategy

For an entry strategy, a bounce off 1.2800 provides a solid buy opportunity, while a clean breakout above 1.3100 could signal a continuation of the bullish trend. Watch the RSI and MACD for momentum shifts to confirm your entries.

With solid technical support and resistance levels, the market is primed for potential moves, making this a pair to watch closely for the next breakout or pullback.

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