$PNUT

PNUT/USDT Analysis: Key Levels and Trading Strategy at $0.6673 🚀📊

The PNUT/USDT pair is currently trading at $0.6673, showing signs of consolidation with potential for a breakout. Let’s dive into the technical analysis and trading strategy to make the most of this setup.

Support and Resistance Levels

Support: Immediate support is at $0.6500, where buyers may step in. A drop below this could test the next support at $0.6200.

Resistance: On the upside, $0.6800 is the first resistance to watch. A breakout above this level could push prices toward $0.7000 and even $0.7500.

Entry Strategy

Buy Near Support: Traders can enter around $0.6500, with a stop-loss below $0.6200 to protect against downside risk.

Breakout Entry: Alternatively, wait for a breakout above $0.6800 to target $0.7000–$0.7500 for quick profits.

Technical Indicators

The 50-day moving average signals bullish momentum, suggesting continued strength if buyers hold support.

The RSI is hovering near neutral, allowing room for further upside without immediate overbought concerns.

Conclusion

PNUT/USDT is poised near critical levels, presenting excellent opportunities for both buying dips and trading breakouts. Keep a close watch on $0.6500 support and $0.6800 resistance to confirm the next move. With proper risk management, the pair looks ready for potential bullish action toward $0.7500! 🚀📈

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