Ready for trade📉💯

$PNUT just gave a clean breakout trap and now setting up for a sharp downside move..🚀🔥

Entry Range: 0.0564 – 0.0568

Stop Loss: 0.0575

Targets:

TP1: 0.0550

TP2: 0.0542

TP3: 0.0535

Price pushed aggressively to the upside with strong momentum but now showing signs of exhaustion right at the highs. This kind of vertical rally usually gets followed by a liquidity sweep and reversal. We can already see rejection forming near the top zone, indicating buyers are losing control.

The highlighted zone is acting as a supply area where sellers are stepping in. If price fails to sustain above this breakout level, it will turn into a fake breakout and trigger a fast move downward as trapped buyers exit.

Wait for weakness confirmation in this zone instead of jumping early. Clean entries come when price starts rejecting with lower highs on lower timeframes.

Invalidation: If price breaks and holds above 0.0575, this setup is invalid and momentum shifts back to bullish.