$PNUT

🚀 PNUT/USDT: Technical Analysis & Trade Setup 🔥

PNUT/USDT is currently trading at $1.2960, and the chart reveals critical levels to watch for a potential move. Here’s a detailed analysis:

💡 Support Zone:

Strong support is found at $1.2500, where buying interest has previously been strong. This level could offer an excellent entry point for long trades if the price retraces to this area.

💡 Resistance Level:

Immediate resistance is at $1.3200. A breakout above this level could open the door to further upside, targeting $1.3500 and potentially $1.4000.

📈 Trading Strategy:

Breakout Play: Keep an eye on a breakout above $1.3200 with strong volume. Targets include $1.3500 and $1.4000.

Buy the Dip: Consider entering near $1.2500, with a stop-loss placed below $1.2200 to limit risk while targeting the upside.

🌟 Momentum Insight:

PNUT/USDT is in a consolidation phase, and if it can break through resistance, we might see a significant price surge. Watch for volume and candlestick patterns to confirm the breakout direction.

⚡ Pro Tip: Use RSI to identify whether the asset is overbought near resistance levels, and leverage MACD to confirm the trend before entering trades.

PNUT is gearing up for its next move—are you ready to catch the breakout? 🚀📊

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