$PNUT /USDT – Rejection at Local Top, Short Opportunity! 🔥💯
Current Price: $0.1852 (+7.18%)
Quick Snapshot:
PNUT showed strength earlier but is now forming lower highs below the $0.1917 resistance. Momentum is fading—short setup building.
Market Overview:
• Buy Pressure Cap: $0.1917 (24H High)
• Sell Zone Incoming: Lower highs, rejection candles
• 24H Range: $0.1706 – $0.1917
Key Levels:
• Resistance: $0.1900 – $0.1917
• Support: $0.1820 / $0.1780
Smart Short Trade Setup:
• Entry Zone: $0.1850 – $0.1870
• Targets:
◦ TP1: $0.1820
◦ TP2: $0.1780
◦ TP3: $0.1740
• Stop Loss: $0.1925 (above recent high)
Market Insight:
This meme coin rally is losing steam. Sellers are defending the $0.19 zone and buyers are stepping back. A breakdown from $0.1845 could trigger a stronger correction.
Pro Tip:
Wait for bearish engulfing on 15M with volume increase before scaling in.
CTA:
Momentum is shifting—don’t get caught at the top! Secure your short entry and ride the wave down on $PNUT!
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