$PNUT You can see that the green box I mentioned as OTE (Op

$PNUT  You can see that the green box I mentioned as OTE (Optimal Trade Entry) in the previous post holds the price. Now let me explain why this formation is important.
I see a Wyckoff Accumulation formation in the area I have enclosed in the white box below. In the spring phase, there may be good buying opportunities with a liquidation sweep movement below 0.58.
Then, I am following this for a scenario such as an increase towards the lower red box, an increase from here to the upper red box, then a retracement of the range top below and then the main movement.
If the price gets support with the green uptrend before reaching the level I mentioned below and causes the red box to be broken immediately and does not fall below this level again, the formation I mentioned above will be invalid and we will follow the support and resistance in the rise with normal price action formations.

Timechain Coder

$PNUT seems to have bounced from the OTE region in the correction of the big rise. It seems to have made a CHoCH in 4H and turned its direction upwards and if the double bottom formation works, the target is 0.98 but there is the 4H Supply Zone (the bottom red box) that it must overcome first.

However, the old high in the Daily is very high (red line - 1.4037) and the start of the daily uptrend is not confirmed until the candle body closes above here.

Again, there is another important region (the top red box) when it comes to this level. This region is the exact midpoint of the big rise and has worked as support many times before and had a bigger decline in its last break. Therefore, this region should be won with voluminous candles. Otherwise, it is expected to work as an important resistance before the new daily high.

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PNUT

0.5723

-8.32%

Replies 0

$PNUT You can see that the green box I mentioned as OTE (Optimal Trade Entry) in the previous post holds the price. Now let me explain why this formation is important.

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