$PNUT

/USDT: Meme Token Consolidates – Trade Strategy for Potential Bounce or Breakout💯💥📈

PNUT/USDT is trading at 0.6124 USDT (-6.85%), with moderate volatility and trading volume:

High: 0.7448 USDT

Low: 0.6113 USDT

Volume: 226.23M PNUT, 153.42M USDT

This meme token is testing key support and could offer opportunities for a bounce or breakout.

Trade Strategy

Key Levels

Support: 0.6110 (near 24h low).

Resistance: 0.7448 (24h high).

Targets 🎯

🎯 T1: 0.6300 (short-term recovery).

🎯 T2: 0.6800 (mid-range resistance).

🎯 T3: 0.7500 (breakout level).

Entry Zones

1. Rebound Play: Enter above 0.6200 if upward momentum starts.

2. Range Play: Buy near 0.6110 (support area).

3. Breakout Entry: Enter above 0.7500 on confirmed breakout.

Stop-Loss

Set stop-loss ~3-5% below entry to manage risk effectively.

Community Sentiment

As a meme token, PNUT’s price can be highly influenced by social media trends and hype cycles. Stay alert to any meme-driven momentum or news in the community for potential volatility.

"Watch for the bounce, trade carefully around support, and stay prepared for breakout setups!"

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