🚀 $PNUT /USD: TESTING CRUCIAL LEVELS – IS A BREAKOUT COMING? ⚡
The $PNUT /USD pair is currently trading at 0.7344, consolidating near critical support and resistance zones. A decisive breakout could pave the way for significant price action, so traders should stay alert.
📊 Trade Scenarios:
Entry Point: 0.7344
Take Profit (TP) 1: 0.7500
Take Profit (TP) 2: 0.7700
Take Profit (TP 3): 0.8000
Stop Loss (SL): 0.7100
Support is located at 0.7100, while resistance is at 0.7500. A breakout above 0.7500 could drive the price toward 0.7700 and 0.8000. Conversely, a drop below 0.7100 may signal a bearish retracement.
📉 Market Outlook:
PNUT/USD is hovering above support at 0.7100. If the price holds above this level, a bullish move toward 0.7500 and beyond is possible. A breakout above 0.7500 would confirm upward momentum, while a drop below 0.7100 might indicate further downside.
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