$PNUT /USDT BEARISH MOVE UNFOLDING – WEAK STRUCTURE AND STRONG SELL PRESSURE AHEAD!
Current Price: 0.2251 USDT
24h Change: -2.22%
Market Outlook:
$PNUT /USDT is showing signs of weakness after failing to break above the key resistance zone around 0.2400–0.2420. The price has been consistently forming lower highs, indicating increasing sell pressure. Volume is tapering near the support zone, suggesting a possible breakdown rather than a reversal.
Key Technical Levels:
Immediate Resistance: 0.2380 – 0.2420
Intermediate Resistance: 0.2300 – 0.2340
Current Price: 0.2251
Immediate Support: 0.2220 – 0.2240
Major Support: 0.2140 – 0.2160
Trade Setup (SHORT):
Entry: 0.2250 – 0.2260
Target 1: 0.2200
Target 2: 0.2140
Stop Loss: 0.2300
Short-Term Bias: Bearish
Unless PNUT breaks above 0.2300 convincingly with volume, downside continuation is more probable.
Risk Management:
Never risk more than 1–2% of your capital per trade. Always follow your stop-loss and avoid over-leveraging in uncertain market conditions.
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