š» $PNUT USDT BEARISH REJECTION ā DOWNSIDE PRESSURE BUILDING!
$PNUT attempted a sharp recovery but faced strong rejection near 0.2400, forming a long upper wick indicating seller dominance. If this resistance holds, the pair is likely to slide further to retest lower supports.
š· Trade Setup (Short)
Entry Zone: 0.2230 ā 0.2250
Take Profit 1: 0.2170
Take Profit 2: 0.2130
Take Profit 3: 0.2100
Stop Loss: 0.2290
š Market Outlook:
PNUT is trading under a strong bearish structure with repeated failures to sustain above 0.2300. Momentum favours sellers, and a breakdown below 0.2170 could accelerate downside movement.
ā ļø Risk Management:
Stick to your stop loss. Position size wisely to protect capital against sharp reversals in low-cap assets.