$PNUT

From the data, this wave of pnut seems more like a pullback rather than a reversal. If it is to rise further, the best scenario here would be a sideways consolidation to form sufficient turnover. It is not advisable to rashly try to catch the bottom, as the main contract is still in an outflow state, and the contract open interest is constantly exchanging hands between inflow and outflow.

From a fundamental perspective, the previous crazy surge seems more like a push from emotions, with early profit-taking being excessive and selling pressure being quite significant. Now, pnut needs a sideways movement of the big pie + sufficient turnover; it won't have the chance to spike up that quickly.