๐ PNUT/USDT Market Breakdown: Navigating the Waves! ๐
The PNUT/USDT pair is currently trading at $1.7369, experiencing a sharp -19.49% drop in the last 24 hours. With a 24-hour high of $2.3074 and a low of $1.5777, the market is buzzing with volatility and opportunities! ๐
Support & Resistance Levels:
๐ช Key Support Zone: $1.42โ$1.57 โ Buyers are defending this range, making it a potential bounce-back point.
๐ก๏ธ Resistance Zone: $1.90โ$2.00 โ This level could pose challenges for upward momentum, so keep an eye here.
Moving Averages Say Bearish! The MA(7) is below the MA(25), signaling short-term selling pressure. However, this could also create ideal entry points for sharp reversals.
Entry Strategy: For traders eyeing opportunities, watch the $1.42 support level for potential long positions if the price consolidates. Ensure tight stop-losses to manage risks, and look to exit near $1.90 resistance for quick profits.
๐ Pro Tip: Monitor volume spikes! The 24-hour volume of 1.91B USDT shows heightened activityโmomentum traders could capitalize on quick moves.
Stay sharp, trade smart, and ride the waves! ๐ Where do you see PNUT heading next? ๐ฌ Share your thoughts below!
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