🚨 $PNUT /USDT: Approaching a Crucial Zone! 🚨
$PNUT is trading at 1.5548, down 11.43%, as it consolidates after a sharp drop from the recent high of 1.7691. Volatility is on the horizon, and the next move could be decisive.
📊 Key Levels to Watch:
🔼 Resistance: 1.7000 – Breaking above this could reignite bullish momentum.
🔽 Support: 1.4500 – A slip below this level may lead to further downside pressure.
🎯 Trade Strategy:
Long Entry: Above 1.6000 for a potential rebound.
Targets: 1.6500 | 1.7500 | 1.8500
Stop Loss: 1.4500
⚠️ Market Insight: PNUT is testing critical support levels. A breakout or breakdown will dictate the short-term trend. Stay alert to trading volume for cues.