Yesterday, many people asked Squirrel Pnut, and today it has arrived.
The squirrel is now somewhat similar to the mascot of the meme series.
We can see that recently, other knockoffs have risen sharply, but despite the significant increase, there are still many who missed out.
So whenever a certain knockoff surges out of the circle, those who missed out seem to have agreed to collectively buy Squirrel to alleviate their anxiety.
It can be said that Squirrel has fully embraced meme culture, for example, XRP is rising, let's go long on Squirrel.
Oh no, Hippo is also rising, let's go long on Squirrel, and so on.
This leads to the question of when the Squirrel one buys can be sold. At this stage, the key selling pressure for Squirrel is in the range of 1.7-1.9, with short-term selling pressure also existing between 1.4-1.0.
So for a long time in the future, Squirrel should not break 1, but at the same time, if someone chases the price because of Squirrel rising, there is a possibility of catching a falling knife, thus becoming one of the many selling pressure forces.
That is to say, if you get stuck at 1.4, and the price drops back to 1.0 and then rises again to 1.4, your initial intention to hold may be affected by this drop, making you want to sell instead, thus turning into selling pressure. Originally wanting to slay the dragon, you end up becoming the evil dragon in the eyes of the bulls.
Therefore, even if Squirrel is a mascot, one must be cautious of its potential to bite back.