$PNUT /USDT BEARISH REVERSAL — MEME TOKEN SLIDES BELOW CRITICAL LEVELS!
$PNUT has plunged nearly -20% on the day, crashing from the 0.2950–0.3260 zone and now hovering around $0.257. With price now below key support at 0.2650 and no recovery signs in lower timeframes, the trend is turning bearish with further downside expected unless bulls reclaim 0.2750 quickly.
🔻 TRADE SETUP (SHORT):
Entry: 0.2580–0.2630
TP1: 0.2400
TP2: 0.2250
TP3: 0.2100
Stop Loss: 0.2755
Why Short?
Strong rejection at the upper range combined with continuous lower highs confirms a breakdown. Volume peaked during the sell-off, signaling exhaustion from buyers and dominance by sellers. Continuation is likely toward deeper lows.
Risk Management Tip:
Keep your risk below 2% of your portfolio — meme tokens can flip direction rapidly.
Sell and trade here on — short setups are active!
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!
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