【$PNUT Signal】Short squeeze pullback, aiming for a second surge

$PNUT 1H level RSI skyrocketed to 85.53, 4H level even surged past 90.22, overbought signals are glaring. Buying depth is unbalanced -24.03%, sell orders are noticeably sparse. The 4H Bollinger Band upper band was broken through by a massive bullish candle, price is above all moving averages, but the 1-hour candlestick shows a long upper shadow.

Price retreated from the high of 0.07888, now at 0.07684. Do not chase the high here, wait for a healthy pullback.

🎯Direction: Pullback to go long

⚡Entry: Place orders in the upper-middle range of 0.05070 - 0.07646, for example around 0.07000.

🛑Stop loss: 0.04567

🚀Target 1: 0.07726

🚀Target 2: 0.07757

🛡️Trade management: - Execute strategy: When price hits 0.07726, take half profit, and push the rest to breakeven stop loss. If it hits the stop loss directly, exit decisively without hesitation.

Funding rate -0.0127%, short position costs are not low. The 1H MACD fast and slow lines are still diverging upward, but the red histogram is shrinking, indicating that the momentum for a surge is temporarily exhausted. After a volume spike on the 4H chart, digestion is needed. Going straight to profit/loss at this level is not worthwhile; wait for a volume contraction pullback to confirm support, and look for a forced liquidation of shorts to generate secondary momentum. The support zones below are 0.0672 (1H Bollinger middle band) and 0.0642 (4H Bollinger upper band).

Check real-time market 👇 $PNUT
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