$PNUT failed to sustain its bounce after the sharp sell-off and is now showing weak follow-through near the lower range. The recovery candles lack strength and price is getting rejected near minor resistance, indicating sellers are still in control. This structure suggests a continuation move to the downside unless buyers reclaim the broken level with strength.

Trade Setup:

• Entry Range: 0.0722 – 0.0726

• Target 1: 0.0715

• Target 2: 0.0708

• Target 3: 0.0698

• Stop Loss (SL): 0.0734

Short Market Outlook:

Market bias remains bearish. As long as price stays below the rejection zone, downside continuation is favored. A strong breakout above resistance would invalidate this setup and shift momentum.