🔥$PNUT is showing signs of exhaustion after multiple failed attempts to reclaim the $0.145–$0.150 resistance zone. Bears are tightening control as volume fades and momentum shifts downward, signaling a potential breakdown toward lower supports. Unless bulls reclaim key resistance fast, the next leg may drag prices deeper.
🔹 Trade Setup:
Entry Zone: $0.1380 – $0.1410 (retest of breakdown zone)
Take Profit 1: $0.1310
Take Profit 2: $0.1250
Stop Loss: $0.1460
📉 Market Outlook:
Momentum is bearish on both 4H and 1D charts, with price slipping below short-term moving averages. A failure to hold above $0.1350 confirms further downside potential. Key support rests near $0.1250, where a potential rebound could occur, but for now, sentiment favors sellers.
buy and trade here on $PNUT
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