🚀 $PNUT /USD: TESTING CRUCIAL SUPPORT – WATCH FOR A BREAKOUT OR PULLBACK! ⚡

The $PNUT /USD pair is currently trading at $0.5720, consolidating near important support and resistance levels. Traders should watch these key zones for a potential breakout or retracement as the price action unfolds.

📊 Trade Scenarios:

Entry Point: $0.5720

Take Profit (TP) 1: $0.5850

Take Profit (TP) 2: $0.5950

Take Profit (TP 3): $0.6100

Stop Loss (SL): $0.5600

Support is at $0.5600, while resistance lies at $0.5850. A breakout above $0.5850 could trigger further bullish momentum, targeting $0.5950 and $0.6100. However, a drop below $0.5600 might indicate a bearish retracement.

📉 Market Outlook:

PNUT is currently testing support at $0.5600. If the price holds above this level, there is potential for a bullish move toward $0.5850 and beyond. A drop below $0.5600 could signal a potential pullback and further downside.

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