PNUT is starting to tighten after a strong impulse off the lows. The important part here is not the move that already happened — it’s how price is behaving after the expansion.
Instead of giving the move back immediately, price pulled back, surfed the 50, reclaimed the 10/20 and price is now compressing near the highs and attempting to hold above the short-term EMAs.
HTF Context:
On the daily, PNUT had a clean expansion leg out of the base and is now consolidating above prior week value.
Price is still above the rising short-term structure, but it is also pushing into an area where prior supply can show up. This makes the current compression important.
If participants continue accepting price above the rising trend structure, the market can build pressure for another expansion attempt.
LTF Structure:
On the 1H and 15m, price is tightening under the higher timeframe level while continuing to hold the 10/20 EMA area. The 5m also shows a clean push into the highs followed by controlled digestion rather than immediate rejection.
That tells me participants are still present, but the breakout has not fully confirmed yet.
Cycle Position:
This looks like a potential Base & Break continuation after the initial reversal extension. The first major impulse already happened. Now the market is deciding whether this is controlled consolidation before continuation, or distribution into resistance.
Scenarios:
🟢 Continuation
If PNUT can hold above the short-term EMA stack and accept above the current compression highs, I’d be watching for expansion through the local high and then a push toward the prior month VAH zone.
The key would be clean participation: volume coming in on the break, strong candle closes, and no immediate rejection back into the range.
🔴 Failure
If price loses the 5m/15m compression and starts accepting back below the EMA cluster, this becomes much less attractive. That would suggest the breakout attempt is being absorbed and participants are not willing to continue pressing higher.
A deeper pullback into the 1H structure would then be more likely.
Execution Mindset:
I’m not interested in chasing the middle of the range. The clean trade comes from either a tight continuation trigger above compression, or a controlled pullback that holds structure and gives a defined invalidation.
I did take a starter position near value area low with the expectation that we would hold, and Im looking to add to my full size if we can get a clean break
The focus is simple: does PNUT continue accepting near the highs, or does this area become rejection?
Closing Line:
The setup is there, but confirmation still matters. Compression near highs is only valuable if it resolves with real expansion and participation.
Not a signal. Just how I’m reading structure and participation.
Instead of giving the move back immediately, price pulled back, surfed the 50, reclaimed the 10/20 and price is now compressing near the highs and attempting to hold above the short-term EMAs.
HTF Context:
On the daily, PNUT had a clean expansion leg out of the base and is now consolidating above prior week value.
Price is still above the rising short-term structure, but it is also pushing into an area where prior supply can show up. This makes the current compression important.
If participants continue accepting price above the rising trend structure, the market can build pressure for another expansion attempt.
LTF Structure:
On the 1H and 15m, price is tightening under the higher timeframe level while continuing to hold the 10/20 EMA area. The 5m also shows a clean push into the highs followed by controlled digestion rather than immediate rejection.
That tells me participants are still present, but the breakout has not fully confirmed yet.
Cycle Position:
This looks like a potential Base & Break continuation after the initial reversal extension. The first major impulse already happened. Now the market is deciding whether this is controlled consolidation before continuation, or distribution into resistance.
Scenarios:
🟢 Continuation
If PNUT can hold above the short-term EMA stack and accept above the current compression highs, I’d be watching for expansion through the local high and then a push toward the prior month VAH zone.
The key would be clean participation: volume coming in on the break, strong candle closes, and no immediate rejection back into the range.
🔴 Failure
If price loses the 5m/15m compression and starts accepting back below the EMA cluster, this becomes much less attractive. That would suggest the breakout attempt is being absorbed and participants are not willing to continue pressing higher.
A deeper pullback into the 1H structure would then be more likely.
Execution Mindset:
I’m not interested in chasing the middle of the range. The clean trade comes from either a tight continuation trigger above compression, or a controlled pullback that holds structure and gives a defined invalidation.
I did take a starter position near value area low with the expectation that we would hold, and Im looking to add to my full size if we can get a clean break
The focus is simple: does PNUT continue accepting near the highs, or does this area become rejection?
Closing Line:
The setup is there, but confirmation still matters. Compression near highs is only valuable if it resolves with real expansion and participation.
Not a signal. Just how I’m reading structure and participation.
Note
Got my add with tighter risk at the internal high on the 5m VCP. Right at the breakout level. Both stops moved to this stop level 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.