$PNUT
š PNUT/USDT Technical Analysis: Bulls Eyeing the Next Breakout! š
Current Price: $1.2220
PNUT is showing bullish momentum, consolidating above key support as it prepares for its next move. The price action suggests buyers are gaining strength, and a breakout could be around the corner.
š Key Levels to Watch:
Immediate Resistance: $1.2500 ā A decisive break above this level could push PNUT toward $1.3000 and $1.3500.
Key Support: $1.1800 ā Bulls must defend this area to maintain upward momentum. A drop below could lead to a correction toward $1.1500.
šÆ Entry Strategy:
Breakout Traders: Look for a close above $1.2500, confirming bullish momentum with volume spikes, targeting $1.3000 and beyond.
Pullback Traders: Consider entries near $1.1800, with stops below $1.1500 for a solid risk-reward setup.
š Whatās Next?
PNUTās chart is showing clear signs of accumulation. If bulls can push through $1.2500, momentum could accelerate, targeting higher levels. Watch for volume confirmation and bullish follow-through.
Is PNUT ready for liftoff? The setup looks promising ā eyes on the breakout! šš
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