$PNUT

From the 24h data, pnut's main force has replenished a lot of long positions here, with the contract open interest rising by nearly 50 million. A significant amount of main contracts has also flowed in, while quite a few retail investors are closing their positions and leaving the market, possibly feeling truly disheartened? The price has once again been pushed out of the previous oscillation range we drew by the main force's long orders. The upper price of the oscillation range is around 1.25. This morning's surge tested the upper edge of the range and then surged again, with the K-line performing stronger than in previous breakouts followed by pullbacks.

Now we can shift our focus from the previous support level of 1u to the price near the upper edge of this range at 1.25u. As long as it tests multiple times without falling below, we can set aside external factors and look bullish on pnut.

Recently, retail investors holding pnut should be struggling, as market attention has shifted from meme coins to altcoins. I hope you don't only hold pnut, otherwise, it might be quite torturous lately, given that various VC-backed altcoins are experiencing wild fluctuations.