$PNUT 💵🪙 PNUT Bearish Head & Shoulders: Sellers Taking Control as Trend Weakens! 📉💰
PNUT is forming a clear bearish head and shoulders pattern, signaling a strong potential trend reversal as bullish momentum fades. 📉💸 After creating a higher peak followed by a weaker right shoulder, the chart shows buyers struggling to maintain upward pressure. Each bounce is losing strength, and sellers are stepping in with increasing confidence. 💰⚠️ This pattern is a classic indicator of momentum shifting toward the downside.
As sentiment cools, PNUT is hovering near its neckline — a critical support area. 🪙🔻 A breakdown below this level would confirm the head and shoulders formation and could trigger a sharp move lower as bearish momentum accelerates. Traders are watching closely, as this structure often leads to further declines once confirmed. If sellers hold their pressure, PNUT may continue its downward path in the coming sessions. 💵📊❗
