$PNUT
🚀 PNUT/USDT – Preparing for the Next Move? 🚀
PNUT has surged 21% in the past 24 hours, currently trading at $0.7324. After reaching a high of $0.7889, the price is consolidating—could this be the precursor to another breakout?
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Key Levels to Watch
🔸 Resistance:
$0.76: A breakout here could pave the way for further gains, potentially reaching $0.78 or higher.
🔸 Support:
$0.74: Strong buying interest at this level.
$0.72: The next line of defense if $0.74 fails.
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Trading Strategy
Bullish Setup:
Entry: Buy above $0.76.
Target: Look for moves beyond $0.78.
Confirmation: Wait for increased trading volume to confirm the breakout.
Bearish Setup:
Entry: Short at rejections near $0.76.
Target: Aim for a drop to $0.72.
Stop-Loss: Place above $0.79.
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PNUT is consolidating within a tight range, and any breakout could spark the next significant trend. Stay alert and execute trades strategically!