🚨 $PNUT /USDT – Bearish Setup in Play! 🔥

Current Price: $0.2790

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📉 Market Overview:

$PNUT recently spiked up to $0.2883, but that strong rally was followed by a bearish engulfing candle—a sign that buyers may be losing strength. The price has also formed a lower high, confirming weakness in the trend.

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📊 Technical Breakdown:

• Wick Rejection: Price faced strong selling pressure at the top.

• Bearish Candle: Indicates possible reversal from the highs.

• Lower High + Breakdown: Confirms shift in momentum from bullish to bearish.

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📈 Short Trade Setup:

• Entry Zone: $0.2780 – $0.2810

• Targets:

• TP1: $0.2720

• TP2: $0.2660

• TP3: $0.2600

• Stop Loss: $0.2890

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💡 Trading Tip:

Wait for a weak bounce or bearish retest near $0.2820 with low volume before entering. This will help confirm that sellers are still in control.

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⚠️ Reminder: Meme coins like $PNUT can move quickly. If you’re in profit, lock in gains early—don’t wait too long.