🚀 $PNUT
/USDT Technical Analysis – Targeting New Heights! 🎯
Looking to trade PNUT/USDT? Let’s dive into the charts and break down the key levels to watch out for!
📉 Current Price: $1.61 (+4.73%)
Key Levels to Watch:
🔹 Target 1 - $1.50:
PNUT has recently touched the 24h low at $1.50, forming a solid support level. If the price tests this level again, expect a potential bounce back. Traders should be prepared for a quick reversal here.
🔹 Target 2 - $1.74:
A strong resistance has formed around the $1.74 mark. If the price breaks above this level, we could see a bullish rally towards higher targets. Look for a confirmation of volume before entering for a safer trade.
🔹 Target 3 - $1.87:
If the bullish momentum continues, $1.87 is the next major resistance zone. A breakout above this level could lead to further upside potential. Watch out for the price action and volume as it tests this area!
Market Depth Analysis:
Depth currently stands at 3.96%, signaling relatively balanced buying and selling pressure.
Short-term momentum is currently showing a decline, with 15m and 1h showing slight negative trends. Be cautious in the short term, but keep an eye on the larger trend.
💥 Trade Wisely & Stay Updated!
These levels could provide valuable insights for your next trades. Always do your own research and manage risk effectively!
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