Is this coin a chance?

In the class of the Department of Finance at Tsinghua University, I always couldn't help but be distracted, thinking about how to make a big splash in the cryptocurrency market. Today, the market movement of $PNUT made me excited. At noon, many previous long orders were eager to withdraw, and the position volume dropped sharply by 11%. The main contract became a net outflow in just 4 hours. Those who opened positions in the 1.04 to 1.2 range seem to have quietly retreated.

I mentioned before that if the price breaks through and then pulls back but does not fall below the box, the trend will be stable. However, the market always surprises, and the price falls back into the box. Now, we need to pay close attention to the support level of 1.04 to see if it can hold. At the same time, observe whether the low point of this pullback is higher than 1.04. For example, if it stabilizes at 1.1x, the chance of subsequent pull-ups will be greater.

At present, the latest price of PNUT is 1.11. I have bought all positions, and the target price is set at 1.3. Trading is about acting on opportunities. Although the overall trend is within expectations, the unexpected breakthrough of the box makes me more determined. I hope to seize the opportunity this time and usher in a real breakthrough.

#PNUT #加密货币

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If you are also interested in market trends, remember to like, follow and forward! #美PCE年率创半年来最大增幅 #币安BNSOL质押PYTH #BSC生态活力释放