#Pnut Contract Long Strategy:
Currently, the price of #Pnut is fluctuating in the range of 0.78-0.68. From the perspective of smaller time frame movements, it shows an upward trend, making it suitable for going long. According to the daily chart's descending wedge reversal pattern, the overall trend is bullish.
Operational Suggestions:
- Entry Price: 0.702
- Target Price: 0.88 (approximately 25% increase)
- Stop Loss Level: 0.675 (stop loss approximately 4.5%)
The current market structure supports short-term upward movement. If the price breaks through the upper boundary of the wedge, the target price of 0.88 will become an important price resistance level. It is advisable to pay attention to the breakout situation of this key point.