$PNUT keeps looking vulnerable after failing to reclaim the upper part of its recent range.
PNUT/USDT SHORT
Entry: 0.04692
TP1: 0.04555
TP2: 0.044454
SL: 0.04829
The bearish case is backed by price below EMA200, MACD weakness and RSI at 32. ADX around 42 adds another layer of confirmation that the prevailing move still has strength. Recent Binance data also has PNUT trading around 0.04693, essentially sitting on the proposed entry.
This one has less room for hesitation. If 0.04829 gives way, the short thesis is off the table. Until then, 0.04555 is the first downside checkpoint, with 0.044454 opening the door to a deeper move.
PNUT/USDT SHORT
Entry: 0.04692
TP1: 0.04555
TP2: 0.044454
SL: 0.04829
The bearish case is backed by price below EMA200, MACD weakness and RSI at 32. ADX around 42 adds another layer of confirmation that the prevailing move still has strength. Recent Binance data also has PNUT trading around 0.04693, essentially sitting on the proposed entry.
This one has less room for hesitation. If 0.04829 gives way, the short thesis is off the table. Until then, 0.04555 is the first downside checkpoint, with 0.044454 opening the door to a deeper move.
