Price Structure $PNUT

Price $PNUT rejected from resistance at 0.22121, then fell forming consecutive red candles.

Important local support: 0.20570 (if broken, potential return to the area 0.19129 – 0.18142).

Nearest resistance remains around 0.22121 – 0.22451, in line with previous highs.

🔥 Volume & Market Sentiment:

Order book tilted towards selling:

Buy: 33.31%

Sell: 66.69% → significant selling pressure

Volume remains moderate, not showing significant breakout pressure

📉 Momentum and Risk:

Price experienced rejection from the lower high structure.

If this 4-hour candle closes below 0.2085, it can confirm the formation of lower low, indicating continuation of the downtrend.

🎯 Strategy & Important Levels:

🚨 Bearish Scenario (more dominant currently):

Short entry if breakdown at 0.2080

Target: 0.2050 → 0.1912 → 0.1814

Tight stop loss above 0.2175

✅ Bullish Scenario (if there is a recovery):

Confirmation entry: break and close above 0.2212

Target: 0.2245 – 0.2333 (MA99)

SL below 0.2080$PNUT