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 is in a well-defined downtrend, forming consistent lower highs and lower lows.
2. A pullback near the $0.620 level provides a favorable shorting opportunity.
3. Momentum indicators suggest continued bearish pressure, with brief consolidation phases supporting the setup.
Risk Management:
Stop Loss: Place a tight SL above the resistance at $0.635 to limit potential losses.
Profit Booking: Consider securing partial profits at TP1 ($0.590) while aiming for a deeper level at TP2 ($0.570) to maximize returns.
Market Note:
Stay disciplined with position sizing and avoid overexposure.
Monitor volume trends to confirm the bearish move and validate entry/exit points.
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