๐จ IS $PNUT EXECUTING A TEXTBOOK BEAR TRAP AT UPPER CHANNEL RESISTANCE? ๐
Entry: 0.04626 โก
Target: 0.04256 ๐ฏ
Stop Loss: 0.04760 โ ๏ธ
Overhead supply near 0.04673 is capping relief momentum as $PNUT tests the upper boundary of its 4H descending channel. ๐ Late breakout buyers are absorbing liquidity directly into institutional sell walls, setting up a classic liquidity hunt above structure before downward rotation.
With structural resistance holding firm, smart money positioning favors a slide back toward channel demand near 0.04256. ๐ As long as overhead supply invalidation remains intact above 0.04760, seller dominance controls the tape. ๐ฌ Are you shorting this fakeout or waiting for lower structural support to fail? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PNUT #ShortSetup #Bearish #Crypto #MarketStructure
๐ป ๐
Entry: 0.04626 โก
Target: 0.04256 ๐ฏ
Stop Loss: 0.04760 โ ๏ธ
Overhead supply near 0.04673 is capping relief momentum as $PNUT tests the upper boundary of its 4H descending channel. ๐ Late breakout buyers are absorbing liquidity directly into institutional sell walls, setting up a classic liquidity hunt above structure before downward rotation.
With structural resistance holding firm, smart money positioning favors a slide back toward channel demand near 0.04256. ๐ As long as overhead supply invalidation remains intact above 0.04760, seller dominance controls the tape. ๐ฌ Are you shorting this fakeout or waiting for lower structural support to fail? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PNUT #ShortSetup #Bearish #Crypto #MarketStructure
๐ป ๐
