$PNUT

pnut followed the trend of capital reflux meme and rose, but it fell back immediately after reaching the upper edge of the box oscillation. From the data, we can see that when it reached the upper edge of the box oscillation (blue part), the main force began to quickly close long orders (position decreased, and the main contract flowed out). From this action, we can infer that the main force does not want to quickly increase the price of this coin, and the subsequent trend is likely to be dominated by oscillation.

In fact, so far, the trend of pnut is the oscillation in the large box as we predicted before, with fluctuations of more than 20 points. At present, we have not seen very continuous capital injection. It is enough to maintain the expectation of oscillation, and don’t expect too much. It is a good thing to be able to go up directly, but we have to think about the problem from the perspective of the dealer. Does the main force need to consider several issues when pulling the price up? 1. Whether enough chips have been bought at this stage bottom 2. Whether retail investors have enough turnover 3. Whether there is a subsequent narrative that can sell to retail investors after the price goes up, so that they are willing to take over

The first two points are easy to understand, and the latter one involves narrative. Simply put, Musk has called for orders again, and pnut continues to be exposed, and there are a group of people who believe in its narrative. If there is enough popularity, there is no need to worry about no one taking over.