The market is showing signs of exhaustion as we approach the critical FOMC meeting. PNUT (Peanut the Squirrel) has reached a major supply zone and is currently struggling to maintain its upward momentum. For disciplined traders, this looks like a classic "Sell the Rip" opportunity.
⚡ Trade Setup (SMC Strategy)
Direction: SHORT (Sell)Entry Zone: $0.0503 – $0.0525Leverage: Isolated 3x - 5x (Keep it low for safety)
🎯 Take Profit (TP) Targets
Target 1: $0.0480 (Immediate liquidity area)Target 2: $0.0445 (Strong support level)Target 3: $0.0400 (Final target / Full trend reversal)
🛡 Stop Loss (SL)
SL: $0.0560 (Invalidation point if the price breaks daily resistance)
🔍 Why am I Bearish on PNUT?
Volume Exhaustion: While the price attempted a small pump, the trading volume is declining. This suggests that the "big players" are not supporting this move, often leading to a sharp drop.Macro Pressure: With the Fed interest rate decision scheduled for March 18, liquidity is moving out of high-risk memecoins and into safer assets.Resistance Rejection: PNUT failed to flip the $0.053 level into support, creating a "Bearish Engulfing" pattern on the 4H timeframe.
⚠️ Risk Disclaimer:
Memecoins are highly volatile. This analysis is based on current market structures and is for educational purposes only. Always use a Stop Loss and manage your risk according to your wallet balance.
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