🚨 $PNUT /USDT Technical Analysis – Current Price: $0.6164 🚨
PNUT is trading at $0.6127, consolidating near a crucial price point. The market is showing signs of a standoff between buyers and sellers, suggesting a potential breakout. This zone could set the stage for significant price action, making it essential to monitor closely.
💡 Key Levels to Watch:
Resistance: $0.6300 – A breakout above this level could drive prices higher.
Support: $0.6000 – A drop below this level could signal further downside movement.
🔍 Trade Strategy:
📈 Bullish Setup:
Entry: If the price breaks and holds above $0.6300.
Targets: $0.6500 - $0.6700.
Stop-loss: $0.6050.
📉 Bearish Setup:
Entry: If the price falls below $0.6000.
Targets: $0.5800 or lower.
Stop-loss: $0.6180.
PNUT is at a critical juncture, with a breakout potentially triggering strong momentum. Watch for volume spikes and stay ready for the next move! 🔥