$PNUT This looks like a well-structured short setup with a solid risk-reward ratio. The rejection near $0.1900 and repeated tests of the $0.1700 support hint at weakening bullish control. Key things to watch

Volume confirmation at the $0.1700 breakdown will be crucial – don’t short too early

Stop-loss at $0.1835 is sensible, just above minor resistance

Target stacking is smart: scaling out at $0.1705, $0.1650, and $0.1580 lets you lock in profits progressively.

If momentum stalls near $0.172–$0.174 on the retest, that could be the trigger point.