$PNUT USDT – BEARISH STRUCTURE FORMING🔻
LOWER HIGHS + FADED BULL VOLUME
REJECTION FROM $0.34 LEVEL SIGNALS SELL PRESSURE
$PNUT is showing signs of weakness after failing to break above $0.3405. The 4H chart reveals a clear pattern of lower highs with increased wicks on top, indicating strong resistance and profit-taking. Volume is also tapering off, showing a lack of buyer conviction.
Trade Setup (Futures):
Short Entry: $0.3100 – $0.3120
Targets: $0.2950 / $0.2810
Stop Loss: $0.3225
As long as PNUT trades below $0.3280, the trend remains bearish. A break below $0.3020 could accelerate downside.
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