$PNUT
Squirrel Follow-up Analysis: Can it Hold the $1 Mark?
As of now, the price of the squirrel has also come to hover around $1, this little squirrel is both loved and hated.
The squirrel reached its peak just 4 days after launch, many brothers got stuck at high positions, and those who bought at the bottom are also trapped. From November 14, when it peaked, it has been fluctuating downwards for more than half a month, with significant washouts.
Now let's analyze the journey of the squirrel and the psychological journey of most coin friends, which is also the goal and emotion of the market makers’ washout.
11.11 Launched on Binance and started to rise. Wow, many people didn't react in time.
11.12 Continued to rise. Many people just saw it and decided to wait and see.
11.13 Wow, still rising. It must be close to the limit, I won't chase.
11.14 Soaring, can't wait any longer, let's get in!
11.15 Suddenly no movement, hmm, let's wait a bit.
11.16 Pullback, hmm, just a small pullback, I'll hold on, and just like that...
11.17-11.20 It's about time it hit the $1.5 support, buying at the bottom.
11.21 Wow, why is it still falling? Should I cut losses?
11.22 This is not right, it has no lower line, cut losses, it's trash!
11.23 It's at $1 now, can't touch it, it might fall further.
11.24 Started a slight pullback, didn't pay much attention.
11.25 Peaked at $1.4, sigh, slapping my thigh, it can still rise, let's chase!
11.26 Successfully baited, trapped another batch, crashed directly to $1.04, many orders got eaten.
Trash, it really can't do it anymore.
11.27 I won't look at it anymore, it can't move, it's still useless. No, it hit bottom, buying at the bottom.
From here on, it started to consolidate, never breaking below $1, entering a long and short game.
According to Jinbao: By this time, at least 80% of the coin friends have been washed out, in the short term, it definitely can’t look up to $2 anymore, but a pullback is still okay, and the $1 position has been tested multiple times without breaking, indicating that this position is a very important support, and also a key position in this consolidation phase.
As long as there is no major crash in the market, this $1 mark is basically secured! Then we will see how strong the rebound will be! Although we can't look at $2, looking at the previous high is still not a big problem.
Jinbao sees great potential in the long term, with broad prospects. If you can't persist, you won't become wealthy.
Follow Jinbao, and Jinbao will continue to follow and bring valuable insights to everyone!
