May 21, 2025 – Market Insights
Traders watching $PNUT may find a shorting opportunity as price action begins to show signs of weakness in an otherwise volatile market. Currently priced at $0.34047 (up 6.92% on the day), $PNUT is nearing a key resistance zone and could be primed for a pullback.
Trade Setup:
Short Entry Range: $0.34156 – $0.34250
Target 1: $0.3350
Target 2: $0.3330
Leverage: 5x
Given the current market volatility, traders are advised to stay agile. Once in profit, it’s crucial to implement a trailing stop-loss to lock in gains and protect against sudden reversals.
This short call aligns with observed price exhaustion at the top range, where sellers are starting to reassert control. If $PNUT fails to break above the entry zone, it could confirm a lower high and trigger the expected drop to support levels.
Risk Note: As always with leveraged trading, especially in a volatile environment, proper risk management is essential. Stick to your plan and protect capital.
Conclusion: For intraday and short-term traders, this could be a high-probability short opportunity—just be ready to react quickly as conditions evolve.
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