🔍 Short Trade Setup: $PNUT USDT | Strategic Insights🔥💯
Entry Zone: $0.615 - $0.620
Stop Loss (SL): $0.635
Take Profit (TP1): $0.590
Take Profit (TP2): $0.570
Rationale:
1. The pair has been in a clear downtrend, forming consecutive lower highs and lower lows.
2. A temporary pullback around $0.620 could present a prime entry point.
3. Momentum indicators hint at further bearish strength, with minor consolidation.
Risk Management:
• Keep a tight stop loss above the resistance at $0.635 to minimize risk.
• Consider partial profit booking at TP1 while targeting a deeper level at TP2 for maximum gains.
Market Note: Ensure disciplined position sizing and monitor volume trends for confirmation of the move.
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