$PNUT / USDT Potential Short Reversal Trade Setup
Setup: Potential Short Reversal after testing resistance.
Entry: $0.4090 - $0.4095 (around the current price, looking for bearish confirmation)
Stop Loss: $0.4130 (just above the recent high)
Targets:
* $0.4050
* $0.4010
* $0.3970 (previous low)
Confirmation:
* Bearish candlestick forming after testing the $0.4880 high.
* Decreasing buying volume.
* Price breaking below short-term support levels.
Risk/Reward: ~1:2 to 1:3+
Leverage: 1x-3x
Watch for: Strong bearish momentum to confirm the reversal. Be cautious if the price continues to rise above $0.4130.
Trade here: click $PNUT
