$PNUT $PNUT

📊 PNUT/USD Analysis: Testing Crucial Support at $0.7023

Currently trading at $0.7023, PNUT/USD is at an interesting juncture, testing a key support level. Traders should closely monitor price action for potential opportunities.

Key Levels to Watch: 🔹 Support: $0.7023 – This level has held strong so far. A bounce from here could trigger a potential rally to higher levels. 🔹 Resistance: $0.7200 – The first resistance lies at $0.7200. If the price breaks through this, it could pave the way for further gains toward $0.7400.

Entry Strategy: 🔹 For Bulls: If PNUT/USD stays above $0.7023, consider entering long positions with a target at $0.7200. If this level breaks, look for further upside to $0.7400. 🔹 For Bears: A decisive breakdown below $0.7023 could lead to a retest of lower levels, such as $0.6900 or $0.6750.

Market Insights: With a neutral RSI, PNUT/USD could be building momentum for a breakout in either direction. Volume and price action will be key in determining whether support holds or fails.

Pro Tip: Watch the $0.7023 support closely for signs of reversal. A break above $0.7200 could confirm a bullish move, while a failure to hold support could lead to short opportunities.

💡 PNUT/USD is at a critical point. Keep an eye on the key levels for potential trades.

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