$PNUT /USDT – Downtrend Alert! Short Trade Idea

Current Price: $0.3158

Today’s Gain: +7.78%

Volume: 330.50 Million PNUT

Why Short PNUT Now?

PNUT price is showing weakness after reaching $0.3405. The price is making lower highs and lower lows on the 15 min chart. Selling pressure is increasing and price may fall more if it breaks support.

Price Levels to Watch:

Immediate Support: $0.3120

Next Support: $0.3050

Resistance: $0.3200 and $0.3250

Trade Plan for Futures:

Entry Zone: $0.3160 – $0.3170

Stop Loss: Above $0.3200

Target 1: $0.3120

Target 2: $0.3050

Target 3: $0.2980

Summary:

PNUT is losing strength after the recent high. A break below $0.3120 can push price lower. Futures traders can short with proper stop loss to manage risk.