$PNUT Today is indeed an exhilarating day, directly surging from the low point of 590, up by 20%! Just watching it makes my heart race; I suspect some friends can’t hold back and are diving in hoping to get a share. But I have to pour a bit of cold water on this; looking at it from a mid-term perspective, I still have reservations about PNUT.
Firstly, the overall trend of PNUT is still downward. Unless it can break through the tough barrier of 771 in one go and firmly establish itself, it might have to oscillate in the range between 590 and 771. Moreover, this rebound has seen considerable trading volume, which feels like many are getting involved.
Let's first see how the position at 771 looks. If it feels too pressured, we should pull back a bit, that is, reduce our holdings, so we don't end up getting trapped.
Then we will keep an eye on 771. The most likely scenario is that it hovers around here and then turns back down again. Of course, it’s not entirely out of the question for a surge upwards, or a fake-out before dropping, or it might just turn around directly upon hitting 771. But how it moves specifically, we need to observe PNUT's subsequent performance; we can’t just follow the trend blindly.
Remember, PNUT still hasn’t shown any clear signals that this surge is coming to an end, so let’s not rush in; stay steady and don’t let temporary enthusiasm cloud our judgment.
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