$PNUT $PNUT

PNUT/USD Market Update: Trading at $1.2679

The PNUT/USD pair is currently priced at $1.2679, attracting attention as it hovers near key levels that could define its next move. Here’s what traders need to know:

Support Zone: Strong support is seen at $1.25, where buyers have consistently defended the price. Holding this level could lead to a bullish rebound.

Resistance Level: The immediate resistance is at $1.30, a psychological barrier. A breakout here could push prices toward $1.35 or higher.

Trading Strategy

Bullish Approach: Enter near $1.26, with a stop-loss below $1.24. Target $1.30 for quick gains, and extend the position to $1.35 if bullish momentum sustains.

Bearish Approach: A drop below $1.25 could signal further downside, making $1.20 the next support target for short positions.

Keep an eye on volume spikes and RSI levels for confirmation. At $1.2679, PNUT/USD is poised for significant moves—ideal for traders seeking strategic opportunities!

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