A big bear market on the penut is starting to take shape, this final rise is encountering resistance, the abyss is coming soon.
The whales will obviously recover at the lowest price but it will not go back up, in the next few days the market will be bearish then increase except that we must not forget that penut is a little bit the same thing as the Dodge coin while not being at all the same thing as the Doge coin left at the time something other than this sudden movement of extreme Fomo where there are millions that have been won thanks to penut, all my friend so long positions on it so it is even more a FOMO effect
The latest news is that a long position was closed and was worth a million, the trader must have said to himself, hey, we're going to do like the one who made millions with Penut, we're going to do the same thing except that he bought really high and the thing that crashed, anyway it's a token that isn't a magic token.
Many traders make a lot of money with new tokens like goat for example which has made x 400 I think but it is rare if there are winners it is because there are also losers and do not be a loser so on this token trade it very briefly and there we see very well that it is going down and not going up even if it is in a fairly weak trend with regard to the enormous drop it has suffered in the last 24 hours but it must be traded so day by day you must not have hyper long positions as soon as you win a little with it you must close it because if you really win with it and it makes an incredible bull run you will win even more which is not the case currently.
Currently the market is very tough and I only won on spot positions that were a few months old but in the end we may have to wait before taking a few more small profits.
