#PNUT
These past two days, I haven't made any moves. Personally, I don't think it's a good buying opportunity.
From the data, it seems that the main force has been frantically closing long positions and opening short ones. There was only one instance of opening a long contract around 1.1, but the position size isn't very large. My personal opinion is that at this price level, the main force still wants to make a few waves to offload. The overall trend is still downward.
The main force is seeking a lower cost price. I estimate it to be around 0.95 (I mentioned in a previous post that I bought around 0.95; if you're interested, you can scroll through my homepage).
As for the specific point to buy, I still need to keep an eye on when the main contract opens a lot of long positions and closes short ones. At that time, entering quickly can get a cost price similar to that of the main force.
I've set a warning alert, but I have to catch a flight this afternoon. I hope I don't enter the market at that time 🥹
