$PNUT /USDT BEARISH PRESSURE – SUPPORT ZONE AT RISK AS SELLING CONTINUES!
$PNUT is currently trading around $0.2575 after losing -3.67%, showing sustained bearish momentum. Price failed to hold above the $0.2650 short-term support and is now hovering just above $0.2550 — a critical zone. If this level breaks, further downside toward $0.2500 and below becomes likely.
Trade Setup (SHORT):
Entry: $0.2570 – $0.2590
Target 1: $0.2500
Target 2: $0.2450
Stop Loss: $0.2650
Why Short?
Price is forming lower highs and lower lows, confirming a short-term downtrend. The failure to reclaim $0.2650 combined with increased volume during red candles indicates growing selling interest. A break below $0.2550 will likely accelerate the fall.
Risk Management Tip:
Protect your capital with a strict SL above $0.2650 — if price reclaims this level, the bearish setup becomes invalid.
Sell smart — don’t chase green candles when the trend is turning red!
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