$PNUT $PNUT

PNUT/USD Price Analysis - November 14, 2024

Current Price: $1.9986

PNUT/USD is testing key resistance at $2.0500, with a breakout above this level opening the door to $2.1000. A strong push past $2.0500 could trigger a bullish rally, providing solid profit opportunities for traders. On the downside, $1.9500 serves as immediate support, with $1.9000 offering a secondary buy zone for those looking for a deeper retracement.

Entry Strategy:

Bullish Scenario: Enter around $2.00 or on a breakout above $2.0500, aiming for $2.1000.

Risk Management: Protect against downside by setting stop-losses just below $1.9500.

PNUT/USD presents an exciting setup, with clear upside potential and strong support levels. Stay alert for breakout opportunities to capitalize on the next move!

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