I see that many friends ask pnut to be analyzed the most. I am also holding this coin at a high price. The holding cost is about 1.8u. I haven't sold it. I will consider replenishing my position to lower the average price in a while. I bought pnut because it has increased several times since it went online. I originally bought it with the mentality of taking a wave of gains.
But I didn't expect to copy the top directly. I lost my mind at that time. Normally, a coin is the hottest after the new coin has doubled several times since it went online, but it is also a more impulsive moment. At that time, in addition to Musk's support, there were all kinds of people in the circle who made hundreds of thousands of yuan or even achieved financial freedom, which made people dizzy.
If a new coin goes online and rises sharply, After that, what is left is continuous decline. Isn't it just to sell at a profit? Those who chase high prices have taken over, especially market makers, who are generally given coins for cooperation, so they can only get the maximum profit when the price rises.
The ones crying are retail investors who took over at high prices, and Gua Ge is one of them. However, I am still optimistic about the potential in the later stage. If the change is fast, it may start at the end of the month.
Because the large level is in a triangle pattern, the price is gradually approaching the end, which means that the change is not far away, and after a month of continuous decline, the selling pressure has been almost digested. Secondly, the price is near the strong support line and will not be so easy to break, so the probability of an upward change is very high. Wait for the wind to come! $PNUT