Spot Code:
pnut, this little pine mouse shows a slight divergence and upward movement on the daily chart, and it has also pulled back a lot, now around 0.71, making it a good entry point for a spot position.
Now we just need to see if the overall market can stabilize; this position will become a support level and then start to rise. If it breaks down again, the decline shouldn't be too significant, as this washout has already pulled back nearly 50%.
You can enter a head and shoulders layout at this position for pnut, and be ready for additional purchases when notified by the anchor for action. The first target above is 1.02, then 1.37.
PNUT
0.5701
-19.76%