11.23 Regarding whether to reduce positions in PUNT?
Answer: No need to reduce positions, continue to hold short and wait.
Because the current rebound is too much, retail investors might run away, so don’t pay attention to false rebounds. It’s rare for the project team to have such a rich harvest from retail investors, so we believe there won’t be an effective rebound. On the contrary, the reason why PNUT hasn’t dropped and is currently fluctuating is that it is waiting for Bitcoin’s pullback. Once Bitcoin starts to pull back, PNUT is likely to accelerate its decline. So just be patient, but don’t over-leverage, just set a take-profit stop-loss.
