$PNUT showing weakness after rejection from recent highs.
๐ Resistance: $0.0585 โ $0.0590
๐ Support: $0.0520 โ $0.0490
Short idea: Wait for a clear rejection + confirmation before entering.
๐ป If $0.052 breaks with strong selling volume โ downside could accelerate toward next support zone
๐บ If PNUT reclaims $0.059 and holds above it โ short setup weakens
Trade with a defined stop-loss. Don't chase the move.
NFA, DYOR
๐ Resistance: $0.0585 โ $0.0590
๐ Support: $0.0520 โ $0.0490
Short idea: Wait for a clear rejection + confirmation before entering.
๐ป If $0.052 breaks with strong selling volume โ downside could accelerate toward next support zone
๐บ If PNUT reclaims $0.059 and holds above it โ short setup weakens
Trade with a defined stop-loss. Don't chase the move.
NFA, DYOR