#DiversifyYourAssets $PNUT shows a strong bearish potential. The price failed to break the resistance of $0.133 and began to weaken towards the area of $0.130. Buying volume is decreasing, indicating a lack of continued buying interest. If support at $0.129 is breached, the potential drop to $0.123 or even $0.119 is wide open. RSI is starting to drop from the neutral zone, distribution signals are beginning to form. The 1H candle is forming a rejection at the upper area, reinforcing the selling pressure. Beware of a breakdown of support as a continuation signal for short positions. Short positions can be maximized with a tight stop loss above $0.134. This is the time to attack the market as buyers run out of steam.
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