$PNUT /USDT: BULLS VS BEARS - WHICH WAY WILL THE MARKET SWING? 🐂🐻
The $PNUT /USDT pair is currently priced at $0.5736, showcasing a solid range between support and resistance levels. The price has shown signs of consolidation recently, with a tug of war between buyers and sellers. The market is waiting for a decisive breakout, which could determine the next significant move in either direction.
The broader market sentiment is moderately bullish, but uncertainty remains as the price struggles to break through resistance. A clear break above the resistance level could lead to further bullish momentum, while a dip below support could spark a potential bearish move.
Trade Scenarios:
Bullish Case:
Entry: $0.5736
Take Profit (TP 1): $0.5900
Take Profit (TP 2): $0.6100
Take Profit (TP 3): $0.6300
Stop Loss (SL): $0.5600
Bearish Case:
Short Entry: Below $0.5600
Target: $0.5300, $0.5100
Stop Loss (SL): $0.5850
Market Outlook:
If $0.5900 is breached, we could see a continuation towards $0.6100 and $0.6300, confirming a strong bullish trend. However, if the support at $0.5600 fails to hold, we might witness a bearish move with targets at $0.5300 and $0.5100. 📉⚡
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