$PNUT $PNUT

🚀 PNUT/USD Technical Analysis – December 12, 2024

Currently trading at 1.2817, PNUT/USD is at an interesting price point where key support and resistance levels will play a pivotal role in determining its next move. Here’s a closer look at the potential price action and key levels to watch.

📉 Support Levels:

1.2700 is the immediate support level. If the price falls below this, it could lead to a further decline toward 1.2600 and potentially 1.2500 if bearish momentum picks up.

📈 Resistance Levels:

1.2900 is the key resistance to watch. A breakout above this level could lead to a rise towards 1.3000 and even 1.3100, signaling bullish continuation.

🔥 Entry Strategy:

Consider entering near 1.2817 with a stop loss just below 1.2700 for better risk management. If PNUT/USD breaks above 1.2900, traders could target 1.3000 and higher levels for potential gains.

📊 Outlook:

PNUT/USD is at a crucial decision point. A breakout above 1.2900 could lead to significant bullish momentum, while a failure to hold 1.2700 could trigger further downside. Keep an eye on these levels for actionable trade opportunities.

PNUT traders, the market is primed for action—don’t miss your chance to capitalize on this potential move!

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