$PNUT PNUT/USDT] Short-Term Bear Pressure — But Watch This Level Closely!

Current Price: $0.4146

Break Even Price: $0.4230

RSI(6): Oversold zone at 23.5

MACD: Showing signs of flattening

24H High: $0.4880

Volume: 2.82B PNUT

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Why This Could Be a Short Trap:

• RSI deeply oversold on lower timeframes — prime territory for reversal bounces.

• Price just touched support at MA(100) and showing a small bounce — classic trap zone for late shorts.

• Volume dropping = sell pressure weakening.

• OBV still stable — whales not exiting.

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What to Watch:

If price breaks above $0.418–$0.420, we could trigger a mini squeeze toward $0.44+.

This 15min consolidation may be setting up a reversal wedge — smart longs enter before breakout.

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Conclusion:

Everyone’s focused on the red — but smart money sees bear exhaustion.

Stay sharp. This might be the spring before the pop.

#PNUT #ShortTrap #BinancePerps #ReversalPlay