$PNUT $PNUT

🚀 PNUT/USD Technical Analysis: Navigating the Current Price Action

At the current price of 1.7313, PNUT/USD is testing crucial levels that could set the stage for its next major move. The market is in a delicate balance, with price action hovering near a potential support zone, making it a key point for traders to watch.

Support Zone: The 1.7200 - 1.7300 range has been holding up well, offering a solid base for buyers looking to enter. If the price stays above this level, there could be an opportunity for bullish momentum to resume.

Resistance Zone: On the upside, 1.7400 - 1.7500 is the key resistance area to watch. A breakout above this range could open the door for a push higher, targeting the next significant levels.

Entry Strategy:

Bullish: Look for buying opportunities near 1.7300 with targets at 1.7400 and potentially 1.7500 if momentum builds.

Bearish: A drop below 1.7200 could signal a bearish shift, with targets towards 1.7100 and 1.7000.

Stay alert as PNUT/USD navigates these critical levels. With patience and a strategic approach, there could be profitable opportunities as the market decides its next direction.📈💡

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