$PNUT

24h 12h 8h have all seen bullish funds entering the market, the volume is not large, but there is indeed capital starting to open long positions at this level. This wave of rally is probably driven by this capital, and the overall open interest has increased by less than 10%. However, if there is continued capital injection, this could be the starting point for a rebound.

From a technical perspective, the rebound peak of pnut has been declining. Initially, it rebounded to the 50% level of Fibonacci (1.17) before falling back. This time, it started to retreat at 1.13. Technically, it is actually showing a downtrend, but the data indicates that there are signs of resistance from the bulls here.

As everyone knows, the old brother tends to side with the data. There are many retail investors holding pnut, which can be seen from the view count. Therefore, the old brother also hopes that Squirrel can rise. Looking at the recent trends, meme is not looking very good. Most of the time, after a rise, it starts to drop, and technically, it doesn't support bottom-fishing. Here, the old brother can only provide all the information, and everyone can interpret it differently. Without direction, I will not forcefully shout. I always focus on objective analysis.