$PNUT this coin didn't catch a good time! It has been a continuous decline since it was listed, and I don’t know how much longer it will fall. The project team won't look for opportunities either!
If you had been listed in January 2025, it wouldn't be like this now.
I wonder if there are students who chased the high on pnut and got stuck; I think there must be many students who are stuck! This is the price to pay for chasing highs. As long as it doesn't go to zero, you still have hope, keep it up!
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Looking at the chart: the 4-hour level M head has already formed, and if it breaks below 0.6, it will go to 0.5613-0.3771. Let's see if these two supports can hold! If they hold, there will be a wave of rebound, but if the second coin is weak, it won't rebound.
The Fibonacci 1 to 1 upward target position of 0.75 has been completed, and it has not challenged the position of 1.618. It didn't even stabilize at the 1 to 1 target level before it came down, and the selling pressure above is truly terrifying.
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According to wave theory, we are currently in the 4th wave correction, and the 5th wave is already gone because the entity of the 4th wave has fallen below the high of the 1st wave, signaling a failure of wave theory. From multiple indicators, pnut is in a downtrend mode, with no decent rebound at all. Is it going to go to zero?
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For pnut to strengthen, it must break and stabilize above 0.79 to look at the target above of 0.93-1.0. If it can't stand above 0.79, it will continue to decline.
Finally, for those who are optimistic about the future development of pnut, you can buy spot in batches at the two positions circled in yellow on the chart. If it falls further, it is not recommended to add to your position. If you think this pnut has development potential, then buy; if you think it will go to zero in the future, then don’t buy.
You don’t have to buy just because I analyzed it; have your own subjective judgment. I hope my interpretation is helpful to everyone. Meeting adjourned.