$PNUT
🔥 PNUT/USD Market Update: Testing Key Levels, Eyeing the Next Breakout
PNUT/USD is trading at $0.6962, showing resilience near critical support and resistance zones. The market is at a pivotal stage, offering potential opportunities for traders to capitalize on the next move.
📉 Support Zone: Strong support lies at $0.6800, where buyers have stepped in previously. A firm defense of this level could lead to a rebound toward higher targets.
📈 Resistance Level: On the upside, resistance is at $0.7100. A breakout above this level could open the door for a rally toward $0.7300 and beyond.
💡 Entry Strategy:
For Dip Buyers: Look for entries near $0.6800, with a stop-loss below $0.6700. Target resistance at $0.7100 and $0.7300 for potential upside.
For Breakout Traders: Wait for a clean breakout above $0.7100, confirmed by higher trading volume, to enter and aim for $0.7300 and $0.7500.
⚡ Market Sentiment: PNUT/USD is consolidating at a crucial range, with traders eyeing the next big move. Will the bulls overcome resistance, or will the bears pull it back? Stay focused and trade strategically!
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