$PNUT – REJECTION AT HIGHS, BEARS SQUEEZING LOWER

$PNUT failed to hold above $0.2615 and has since broken down with lower highs forming. The recent bounce from $0.2399 is weak, showing lack of conviction from bulls.

Short Setup:

Entry: $0.2460 – $0.2500

Stop Loss: $0.2535

TP1: $0.2410

TP2: $0.2365

TP3: $0.2290

Bearish momentum building again unless $0.254+ is reclaimed. Trend favors shorts on every bounce.

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