$PNUT

📊 PNUT/USDT Technical Analysis – Ready for a Breakout? 📊

PNUT/USDT is currently trading at $1.2575, consolidating near key levels. With volatility building, traders are watching closely for a potential breakout or breakdown from these critical zones.

🔑 Key Levels to Watch:

Support Zone: $1.2400 – A solid level of support. If this holds, the price could rebound; however, a break below may lead to further downside.

Resistance Levels:

$1.2700 – Immediate resistance. A breakout above this level could fuel bullish momentum.

$1.3000 – A key psychological resistance, clearing this could pave the way for a more substantial rally.

📈 Trading Strategy:

Long Entry: Consider entering above $1.2700, with a target near $1.3000. Place a stop-loss below $1.2400 to manage risk.

Short Entry: If the price falls below $1.2400, it could test lower levels such as $1.2200. Set stops near $1.2550 for protection.

🔥 Market Insight: Watch for volume spikes as a breakout from $1.2700 with strong volume could signal a trend shift. Momentum indicators like RSI could also offer insights into overbought or oversold conditions.

Stay disciplined, trade the levels, and let the market show its hand! 🚀📉📈

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