Why did $PNUT get into crypto? It wanted to cash in on the nutty market!" š„š
Easy money last session if you would've just followed this š°š¤š Technical Analysis: TA Peanut
Today's TA:
1. Commodity Channel Index (CCI) at 245.3, potential overbought situation.
2. Momentum also slowing down a bit at 0.19
3. Williams %R at -18.7 again shows Ā overbought conditions.
If buyers lose steam, a pullback could bring the price back to the breakout zone or even revisit the demand area at $1.06. If this support fails to hold, the next major level to watch is $0.995.
Today's trades: Intraday(Short)
ā¢ Entry: if the price breaks below $1.28-1.26
ā¢ Exit: $1.12-$1.18.
ā¢ Stop: $1.35.
ā¢ Long-Term: Still bullish, accumulate dips below $1.05; target $2+ .
