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.