$PNUT

📊 PNUT/USDT Technical Analysis: Will PNUT Continue to Rise? 🚀

PNUT/USDT is currently trading at $1.2514, showing solid bullish momentum. As the market remains active, traders are eyeing key support and resistance levels to strategize their next move.

🔑 Key Levels to Watch:

Support Zone: The price is holding strong at $1.2200, a critical support level where buying interest is evident.

Resistance Zone: The immediate resistance is at $1.2700, and a breakout above this could push the price toward $1.3000 and higher.

🎯 Trading Strategy:

Dip Buying: Look for entry near $1.2200 with a stop-loss just below $1.2100 for a better risk-reward ratio.

Breakout Play: Consider entering after a confirmed breakout above $1.2700, targeting $1.3000 or more.

Stop-Loss: Set stops below $1.2100 to manage downside risk effectively.

📈 Market Sentiment:

PNUT is showing strong upward movement with favorable market conditions. If the price holds support and breaks through resistance, further gains could be in store. On the other hand, failure to sustain above $1.2200 could result in a retracement.

What’s your outlook on PNUT? Let us know your analysis in the comments! 💬

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