$PNUT /USDT – Short Trade Entry Opportunity
PNUT/USDT is currently showing signs of sustained weakness after repeated rejections near the $0.2190 resistance level. Price has now broken below recent intraday support and is attempting to confirm a lower high structure on the 15-minute chart.
Entry Price: $0.2175
Target 1: $0.2148
Target 2: $0.2120
Target 3: $0.2100
Stop Loss: $0.2191
This setup favors a continuation of the downtrend if price sustains below the breakdown level. A bearish engulfing structure on lower timeframes adds further confirmation.
