$PNUT /USDT BEARISH MOVE AFTER REJECTION FROM KEY RESISTANCE ZONE
$PNUT faced multiple rejections near the $0.36 resistance level, forming a clear double top on the 15-min chart. After failing to hold above the zone, price sharply declined, confirming bearish momentum and a short-term downtrend. Sellers have stepped in aggressively after the fakeout above resistance.
Trade Setup:
Entry (Short): $0.335 - $0.340
Take Profit (TP): $0.315 / $0.300
Stop Loss (SL): $0.360
Market Outlook:
The failed breakout above $0.36 has triggered a strong reversal. Expect more downside pressure unless a strong bullish reclaim happens above the resistance. Risk management is key as volatility remains high.
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