$PNUT

🚀 PNUT/USDT Technical Analysis – Price at $1.1233 📉✨

The PNUT/USDT pair is currently trading at $1.1233, showing strong momentum with key support and resistance levels in focus. Here's the detailed technical analysis:

📊 Support Levels:

$1.1100 – Immediate support; a strong hold above this level would help maintain the bullish trend.

$1.0900 – Secondary support; a deeper pullback to this level could present a good buying opportunity.

📈 Resistance Levels:

$1.1400 – Immediate resistance; a breakout above this level could signal a continuation of the upward momentum.

$1.1600 – Major resistance zone; breaking this level could lead to further price rallies toward $1.1800.

💡 Entry Strategy:

Bullish Entry: Watch for a breakout above $1.1400 with solid volume. Target $1.1600, and place a stop-loss near $1.1100.

Bearish Entry: If the price falls below $1.1100, consider short positions targeting $1.0900, with a stop-loss around $1.1200.

📈 Indicators Insight:

RSI: At 60, indicating a healthy bullish momentum, but watch for signs of potential overbought conditions if the price continues to rise.

MACD: The MACD is showing strong bullish momentum, suggesting that price could continue upwards as long as key resistance levels are cleared.

With PNUT/USDT at an important juncture, the $1.1100-$1.1400 range is critical for determining the next move. A breakout above $1.1400 could drive the price towards $1.1600, while a drop below $1.1100 might signal a pullback to $1.0900.

⚠️ Disclaimer: This is not financial advice. Always conduct your own research and trade responsibly!

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