📉 $PNUT /USDT BEARISH OUTLOOK – SHORT SETUP 📉

📍 Current Price: $0.2392 (-8.53%)

📊 Key Levels:

Resistance: $0.2417 🔼 | $0.2476 📈

Support: $0.2374 🛡 | $0.2338 ⚠

💡 Analysis:

$PNUT has been under persistent selling pressure, with recent attempts to recover failing to break above the MA(99) resistance zone. Momentum remains weak, and price action suggests another potential leg down if $0.2374 is breached.

🎯 Trade Setup (SHORT):

Entry: $0.2390 – $0.2417 📍

TP1: $0.2374

TP2: $0.2338

SL: $0.2476 🔒

⚖ Risk Management:

Risk only 1-2% of total capital, lock partial profits at TP1, and trail stop to breakeven to protect gains.

🔥 Bearish sentiment holds unless price breaks and sustains above $0.2417. 🔥

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