$PNUT [PNUT/USDT] Short Trap Activated – Time to Reload Longs?

Price: $0.405

24h Change: -3.02%

Break Even Price: $0.4209

Volume: 2.9B PNUT

RSI (6): 29 – Oversold

MACD: Bearish momentum fading

Support: MA100 tested and holding

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What’s happening?

• Market flushed weak hands below $0.41, tapping just above MA100. That $0.395–0.405 zone is now shaping up as a liquidity grab.

• RSI is deep in oversold territory (29.3) – last time this hit, we bounced straight into +10%.

• Buy signals forming again on volume divergence. Sellers are fading, while OBV shows steady demand.

• This is textbook short trap territory — shakeout before breakout.

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The Setup:

Still above key moving averages. Short sellers getting too confident while the real demand starts accumulating. Don’t get baited.

This isn’t the end of the move — it’s the pullback before launch. Long bias remains valid as long as price holds above $0.395.

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Plan:

Re-enter long near current levels with tight invalidation below $0.395. First target: reclaim $0.42, then $0.45.

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Agree it’s a trap or still short? Let’s discuss.

#PNUT #CryptoTrading #BinanceAlpha #LongAndStrong