$PNUT
🥜 PNUT/USDT Technical Analysis: Crunch Time at Key Levels! 🥜
The PNUT/USDT pair is trading at $1.1550, consolidating as it approaches pivotal resistance. Here’s the technical outlook and trading insights:
🔑 Key Levels to Watch:
Resistance: $1.2000 – A breakout here could ignite strong bullish momentum.
Support: $1.1000 – A critical level sustaining the current trend.
📈 Analysis:
PNUT is testing the $1.2000 resistance, a breakout above which could push prices toward $1.2500 or $1.3000. On the downside, $1.1000 remains a vital support. A failure to hold this level could lead to a correction toward $1.0500, where buyers may step in again.
🎯 Trading Strategy:
Bullish Play: Enter above $1.2000, targeting $1.2500 and $1.3000. Use $1.1000 as a stop-loss.
Bearish Entry: Short positions can be considered if the price falls below $1.1000, aiming for $1.0500 or lower.
💡 Pro Tip: Monitor volume near $1.2000. A breakout with strong volume could confirm the next bullish wave. Will PNUT crack through resistance and soar higher? Stay tuned! 🚀
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