$PNUT Callback Target Position Analysis
Since November 14, $PNUT has been fluctuating downwards along the channel shown in the chart. Considering that the current market liquidity is still not optimistic, and Bitcoin has not yet retraced to its target, it is highly likely that $PNUT has also not reached its bottom.
Therefore, after PNUT rebounds to the midpoint of the channel, it is likely to fall again towards the lower edge of the channel.
Overall, this retracement will basically erase the gains made after the announcement of the new token listing on Binance on November 13.
The retracement target is between 0.4-0.5.
