Short position advice:
Entry range: Wait for the price to rebound to the 0.7500 - 0.7650 range and 'hopefully press the 'short' button.'
Take profit target:
First stop: 0.7100 — 'Money for a cold drink has been made!'
Second stop: 0.6900 — 'Now I can afford a meal!'
Ultimate stop: 0.6500 — 'The wallet finally feels a bit fuller.'
Stop loss advice: If the price touches 0.7750 - 0.7850, don't hesitate, retreat immediately.
PNUT's current performance is like sitting on a cable car halfway up a mountain; it's a bit tough to go up, but sliding down seems much smoother. The current price is hovering around 0.7350, clearly feeling the pressure at 0.7500. This resistance level is like a sturdy glass ceiling – you can see hope but can't reach it. And 0.7650 is an even higher challenge; the market may need Popeye-level bulls to push through.
As for the support below, 0.7100 and 0.6900 are two 'life-saving steps,' but these steps seem a bit shaky and could give way at any moment. If it accidentally slips below 0.6900, then 0.6500 will have the feeling of 'falling into a box.'
From a technical indicator perspective, bulls and bears are evenly matched, but bears seem to be 'sharpening their knives,' ready to seize the initiative at any moment. Several moving averages are loudly reminding: this trend seems to have nothing to do with going up.
Resistance levels 0.7500 and 0.7650 are the 'ultimate dream' for bulls in the short term. If the price really breaks through this area, bears shouldn't feel disheartened; it is likely just 'a surprise moment, followed by the familiar feeling of disappointment.'