The current daily-level chart for $PNUT shows that the 0.786 support level has some effect, but it does not rule out the possibility of a further drop as the main asset has not yet broken through the resistance above. It's best to stay flat with the spot. If the daily candlestick closes below 0.786, we will assess the subsequent trend and wait for the structure to develop before making further observations.

$PNUT Let's take a look at the daily level. We have been trading at 0.618 many times before. Now that this support has been broken, we can only buy at 0.786, around 0.6167. Don't be afraid of this kind of falling structure. It goes up first and then down. If it goes down first and then up, then the break is a real fall. Once this structure is broken, it is a real rise. I have posted several cases with the same structure. Are you still afraid of returning to zero for this kind of hot currency? At 0.786, around 0.6143, make a decisive cover.