75533295499

73351996704

PNUT Contract Long Position Code Review:

Yesterday's PNUT long position code at a price below 0.615. Target 0.74-0.78.

The price confirmed resistance after two upper shadows above 0.78 on the hourly chart last night.

Then it went down all the way; when it first reached 0.78 yesterday, Brother Tian said to consider whether to continue holding based on whether there is support at 0.74 for taking profit. After the first hit at 0.78, it pulled back to 0.71, which was almost a 1/3 pullback of the upward trend (indicating significant selling pressure). Subsequently, the hourly chart tested 0.78 again but couldn't hold (hourly double top signal), which was the best time to exit.

Brothers, no one can clearly know where the price will go next. The so-called target price is actually a key position (trend reversal point), and the next market direction is judged by the performance when the price reaches this key position. The ideal swing trade is one where, like a hunter, you decisively wait for the next opportunity after completing the target. Brother Tian gave a perfect completion of 28 points' highest profit target for this swing code.

The daily trend is currently judged by Brother Tian to have completed its bottom. The thinking for yesterday's long position was also centered around the squirrel double bottom structure buying the right side reversal. After this completion, the next step will continue to look bullish, waiting for afternoon strengthening signals or support confirmation signals. If the signals are clear, Brother Tian will continue to send swing codes. The upper endpoint of the swing long position is currently expected to be near the upper line of the daily rising wedge pattern at 0.95.

Chart four shows the daily trend, currently judged to be a rising wedge shape, also derived from yesterday's one-hour K-line constructing the double bottom signal. If the price had continued to go down yesterday without forming a double bottom structure, the stop loss given by Brother Tian within three points of 0.6 would have maximized the reduction of chip loss before the next opportunity arrives.

Any behavior in the market is certainly correct; no one can definitely confirm what will happen next. What Brother Tian can do is to reasonably use tools (correct logic, trading experience, technology) to gain market recognition while making a living. For more trading codes, press 1 to find Brother Tian.