$PNUT SHORT AT RESISTANCE – TARGETING LIQUIDITY BELOW 🎯
Entry: 0.0438 - 0.0442 🔥
Targets: 0.0428 and 0.0418 🚀
Stop Loss: 0.0450 ⚠️
Level to sell with a tight stop. The zone between 0.0438 and 0.0442 has rejected price twice this week on the 15m chart, and the most recent push into it came on declining volume. Stops likely sitting just above 0.0450 — a sweep there would trap late longs before the move south. First target aligns with the previous range low; second targets the next structural support.
Are you comfortable shorting near the top of this range, or would you rather see price sweep the 0.0450 high first?
Not financial advice. Always manage your risk.
#PNUT #ShortSetup #Crypto #Bearish #SwingTrade
🔥
Entry: 0.0438 - 0.0442 🔥
Targets: 0.0428 and 0.0418 🚀
Stop Loss: 0.0450 ⚠️
Level to sell with a tight stop. The zone between 0.0438 and 0.0442 has rejected price twice this week on the 15m chart, and the most recent push into it came on declining volume. Stops likely sitting just above 0.0450 — a sweep there would trap late longs before the move south. First target aligns with the previous range low; second targets the next structural support.
Are you comfortable shorting near the top of this range, or would you rather see price sweep the 0.0450 high first?
Not financial advice. Always manage your risk.
#PNUT #ShortSetup #Crypto #Bearish #SwingTrade
🔥